brad hitch




Rick Bergsieker@ENRON_DEVELOPMENT
09/23/2000 10:12 AM
To: Jeffrey A Shankman@ECT
cc:  
Subject: Online LNG Trading

Who should Clay and  V V be working with to get started on the Malaysia/Enron 
web page?
---------------------- Forwarded by Rick Bergsieker/ENRON_DEVELOPMENT on 
09/23/2000 10:11 AM ---------------------------


Rick Bergsieker
09/23/2000 10:10 AM
To: Jeffrey A Shankman@ECT
cc:  

Subject: Online LNG Trading

fyi
---------------------- Forwarded by Rick Bergsieker/ENRON_DEVELOPMENT on 
09/23/2000 10:10 AM ---------------------------


Daniel R Rogers
09/21/2000 02:38 PM
To: Clay Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, V V Rao@ECT, Rick 
Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wayne 
Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Nancy Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ned E 
Crady/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Subject: Online LNG Trading

Hopefully Brunei LNG/Shell won't beat us to the punch.  You can bet that Mr. 
Damit at Brunei LNG gets his intelligence from Shell who no doubt are working 
on this already
(Shell is in a JV that just rolled out an online shipping capacity/freight 
trading business this month).
The first one to launch an LNG Trading internet platform will have an 
incredible advantage over all others.
  
Dan


06:19 GMT  14 September 2000  

PATTAYA, Thailand (Dow Jones)--Online liquefied natural gas trading is on the 
way and will challenge the way business in the industry is done, 
Mohammed Damit, head of LNG marketing for Brunei LNG Sdn Bhd, said this week 
at a gathering of gas industry executives. 

"It's only a matter of time before we see energy trading activities on the 
net," Damit said, adding that the biggest LNG online opportunities are
in ship chartering and spot LNG trading. 

Damit said online trading would result in greater price volatility. 

LNG prices are currently indexed to crude oil prices, in term contracts for 
as long as 20-30 years, that tend to smooth out price fluctuations 
over the life of the contract. 

Damit added that online traders will use standardized documents, simplifying 
trading. 

-By Lucy Hornby, Dow Jones Newswires; 65 421 4811; lucy.hornby@dowjones.com
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