4 May 2017 | The Westin Palace, Madrid
2:00 pm – 5:00 pm
The Spanish gas market is going through a number of fundamental reforms aimed at aligning and integrating the Iberian hub with the wider European market. The focal point has been the enforcement of European gas network code balancing reforms, which has stimulated trading activity at the new Punto Virtual de Balance (PVB), or Virtual Balancing Point.
Amid these domestic structural changes, the wider European gas and global LNG market continues to evolve and shift with growing liquidity, more competition and a global LNG supply glut.
How are these structural changes in Iberia, as well as global LNG market developments reshaping the domestic gas market in Spain, and how can its market participants adapt to this shift?
Join ICIS market experts for this half-day seminar where our editors and analysts will share their latest insights and engage in market dialogue with delegates.
Brokered natural gas liquidity at the Spanish PVB hub has jumped so far in 2017, data from ICIS shows. This is despite a mandate for some volume to be executed on the MIBGAS bourse.
As was expected, following the launch of the new Spanish balancing regime in October 2016 liquidity on the prompt increased dramatically on the exchange.
ICIS data shows that over-the-counter (OTC) prompt trade has risen almost 14-fold year on year to stand at 420GWh, in the period 1 January-10 March, although the start of the current quarter was a period of unusually high demand.
Stay up to date with the only independent PVB Day-ahead price assessment from ICIS Heren.
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