Message-ID: <676855.1075857629878.JavaMail.evans@thyme> Date: Tue, 15 May 2001 04:46:00 -0700 (PDT) From: andrew.fairley@enron.com To: john.arnold@enron.com Subject: Long term Gas Curve Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Andrew Fairley X-To: John Arnold X-cc: X-bcc: X-Folder: \John_Arnold_Jun2001\Notes Folders\Discussion threads X-Origin: Arnold-J X-FileName: Jarnold.nsf John Hope you're well. We are doing some work here on the long term curve for UK natural gas and would value your views on the long term NYMEX Nat gas curve. By long term I am talking 7-20 years. Our thinking is that beyond the traded period of 5-10 years forward, UK prices would at least partially reflect the long run marginal cost of LNG in a "globalised" market provided US prices were not significantly above. As we are currently working on some long term structured deals it would be great to get your input on this. Many thanks Andy