Copy editing Newsletter

I copy edited articles that were sent out to BNP Paribas's commerce and investment bank's fifteen thousand corporate clients and investment professionals

Copy editing and proofreading

I received the reports from French and multinational investment research analysts and put them into proper English

Here is the CIB newsletter. Full reports are not availlable.

http://cib.bnpparibas.com/newsletter-april-07

Gas Flaring...and the CO2 Opportunity

by Marco Boeri and Sebastien Loison, Analysts, Energy Commodities Export

Project Research

According to Global Gas Flaring Reduction (GGFR), 150 billion cubic metres

(bcm) of gas per year are vented, of which 20 bcm/year in Nigeria (13% of

world total) and 15 bcm in Russia (10% of world total). Under the Kyoto

Protocol, mechanisms allow private investors to voluntarily develop

projects that reduce GHG emissions, and be awarded Carbon Credits which

market value is driven by the dynamics of the thriving international

emissions markets.

Oil Trends : After the fall, what's next?

by Harry Tchilinguirian, Senior Oil Market Analyst, Commodity Derivatives -

CIT Research

Crude oil futures have corrected sharply since the beginning of the year,

falling from $60/Bbl to dip below $50/Bbl on an intra-day basis in

mid-January. The bearish market fundamentals gained momentum with above

normal temperatures cutting into oil demand, non OPEC countries posting

strong year-on-year growth in supply, and OPEC member countries only

partially complying with announced production cuts. These changes were

compounded by the unwinding of speculative trading positions in the futures

markets.

Financial analysis of listed Chinese companies

by Pascal Quiry, Managing Director, Corporate Finance

As investors would expect the financial analysis of major listed Chinese companies shows that most of them are growing very fast but that their earnings are not keeping pace with growth; this in turn implies that they are getting deeper and deeper into debt and making themselves vulnerable.

This situation bears a striking resemblance to the situation in Europe some 30 years ago, although the Chinese situation is potentially more 

dangerous given that there is no inflation to lessen the debt load, 

as was the case in Europe at the time.

Preparing for the German Gas Market

by Tobias Lausch, Marketing, Oil - Gas And Power, Commodity Futures Limited

With an estimated gas consumption of around 1,300TWh per year, the German energy market is one of Europe's largest. Imports from Russia, Norway and The Netherlands fulfill roughly 80% of the demand with the balance coming from The United Kingdom, Denmark and a declining domestic production. Rules introduced back in October 2006 set out the early stages of the liberalization process. The proposed BGW-VKU Entry-Exit model makes feasible a virtual trading point, similar to the hugely successful National Balancing Point model of the UK.