Cold winter weather and abnormally hot summertime conditions have recently had a significant impact on European gas demand and pricing
Andover, MA (PRWEB) March 5, 2009
Weather Services International (WSI), the most trusted global weather solutions provider, today announced that Mark Stephens-Row, WSI account executive and Fellow of the Royal Meteorological Society, is to be a featured speaker at Flame 2009, Europe's premier gas and LNG event, March 9-13, at Hotel Acura in Amsterdam.
During his talk entitled, Exploring Weather Forecast Impacts on the European Gas Market, Stephens-Row will discuss how weather tools can give gas traders more insight into their buy/sell decisions. WSI's expertise in this area -- providing targeted and accurate weather solutions tailored to specific trading communities -- is recognized by energy brokers around the world.
"Cold winter weather and abnormally hot summertime conditions have recently had a significant impact on European gas demand and pricing," said Stephens-Row. "As reliance on renewable energy sources increases, the lack of wind or rain can also produce far reaching effects on pricing. Identifying these events in advance of the rest of the market offers trading teams a unique edge, whether it is days or months ahead."
Stephens-Row said he will also demonstrate how weather forecasts, which can diverge widely beyond the typical three to five day time frame, can put gas traders at risk. He will also explain how prediction of the change in forecasts over time can offer some mitigation of this risk.
Mr. Stephens-Row will be speaking on Wednesday, March 11, 18:10, during FLAME 2009 Stream B, Trading & Pricing, at Hotel Acura. For more information about FLAME 2009, visit the web site at http://icbi-events.com/flame/.
About WSI Corporation:
WSI (http://www.wsi.com) is the most trusted source of weather information across the globe. Top insurance, risk management companies and financial institutions worldwide trust WSI to supply them with easy-to-use, timely and expert weather guidance to help anticipate market volatility, mitigate risk and make critical decisions with confidence. WSI is a member of The Weather Channel Companies and is headquartered in Andover, Massachusetts, with offices in Birmingham, England. The Weather Channel Companies are owned by a consortium made up of NBC Universal and the private equity firms, The Blackstone Group and Bain Capital. For more information, please visit us on the Web at http://www.wsi.com or call us at 877.WSI.CORP or +188.8.131.5200.
For more information, please contact:
ksullivan (at) wsi (dot) com
Rudolph Communications, LLC
bjr (at) rudolphcommunications (dot) com