A vessel will trial the newly-expanded Panama Canal from 27 June as part of the project which will cut journey time and distance for new US LNG producers selling into Asia. It has not been an easy path and development of the expansion has been slow and more expensive than planned. Numerous problems included leaks […]
Energy Connections
Time for a dose of realism in designing financial regulation
It is interesting to think the UK’s Financial Conduct Authority (FCA) planned to start accepting from April applications for licences to operate as an investment firm under a new EU financial regime that was slated to come in in early 2017. Now the start of the second markets in financial instruments directive (MiFID II) has […]
Project delays: When the line between parody and reality blurs, it’s time to make a decision
Energy can be a dry topic. Sometimes, if I tell new people I’m an energy journalist a now-familiar look flashes across their face, and it is clear they have just thought, but not said: “Is that a real job then?” As a subject, energy encompasses finance, economics and physics among many other things – rarely […]
The oil-gas (dis)connection
Oil and other commodity markets rallied in early March, but a key support factor behind the rise was speculative trade, rather than reliable supply and demand indicators.
REMIT second reporting phase nears
With only a couple of weeks left before additional energy trade reporting requirements kick in, trading firms are trying to solve various last-minute issues. Since October 2015, under the regulation for wholesale energy market integrity and transparency (REMIT), firms registered as market participants have been reporting to the Agency for the Cooperation of Energy Regulators (ACER) all […]
Domestic Indian price reforms could boost LNG import demand
From an LNG seller’s perspective, India is one of the few beacons of hope. The vast country, which has a very price sensitive approach to buying liquid gas, is taking more cargoes both on a contract and spot basis. A recent move by the Indian government to change the pricing formula of domestically-produced gas from […]
Gas industry struggles to prepare for changing rules amid tariffs storm
Knowing how to prepare for going outside during winter months feels, at times, impossible to predict in London. The weather behaves erratically from week to week – mild and rainy; brisk and sunny; bitter and cold; snowy and grey. At times, it has seemed that shippers, transmission system operators (TSOs) and regulators throughout the bloc […]
In or out? Why those steering Europe’s single energy market might pay attention to the UK’s EU referendum debate
Being a UK-based company, the news schedule my colleagues and I at ICIS are exposed to away from the work place has already been dominated for weeks by the UK’s EU referendum, despite the vote being four months away. The issue at the heart of this debate strikes a chord with the key issue that […]
ACER looks to form group on energy derivatives
EU regulators agency ACER is looking for people to form an ad-hoc expert group on energy commodity derivatives. This is hardly surprising given how difficult defining energy derivatives has become, and the even harder part of understanding which EU legislation an energy derivative or physical forward falls under. The group will advise the agency on […]
UK urged to extend max jail term for market abuse to 10 years
The Bank of England has suggested that the max jail term for anyone guilty of market abuse be extended to 10 years from the current 7, in its Fair and Effective Markets Review out on Tuesday evening. If the UK government follows through with the suggestion, this means anyone guilty of insider trading or market […]
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