A recent increase in the level and volatility of regional gas prices has followed an extensive discussion on potential returns from short-term LNG trading and potentially fostering integration of geographically sparse regional gas markets. This paper examines the stochastic properties of US...

This paper contructs a stylized model of an LNG producer's decision on the level of committment to long-term supply arrangement. The model extends a conventional two-stage model of optimal hedging by accomodating two features commonly observed with LNG trading practice: (1) the forward price of...

Cosmetic defects such as 'hollows' are the result of deviations in a skin panel. These deviations are usually too small and local to be detected by discrete measurements of the panel but become visually apparent after the application of paint. As a result, the perceived quality of a panel may...