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.
Ben is responsible for overseeing the company’s natural gas and LNG markets pricing benchmarks and market analysis.
He can be reached at Ben.Wetherall@icis.com
Rob is responsible for news, analysis and price assessments in the region’s gas and LNG markets.
He can be reached at Rob.Songer@icis.com
Ludovic works on the ICIS LNG analytics platform, LNG EDGE.
He can be reached at Ludovic.email@example.com
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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.
The ICIS LNG Market Intelligence solution provides all the real-time and historical data and analytics necessary to optimise sales, purchasing and movement of LNG.
The online platform LNG Edge is powered by cutting edge technology with tracking and algorithmic indicators.
The unique added advantage of choosing the ICIS LNG solution is the dedicated team behind it. ICIS has the world’s largest and most experienced team of LNG market experts, located from Tokyo to the US West coast, gathering market intelligence and interpreting data around the clock.
The ICIS March East Asia Index (EAX) for spot LNG cargoes was assessed for the final time at $7.125/MMBtu on 15 February, down $1.200/MMBtu since becoming the front month on 16 January. As a front month, the contract had peaked on its first day of assessment at $8.325/MMBtu on 16 January and was at its low on the final assessment day.
In this video and white paper, LNG editor Ed Cox and deputy editor Josie Shillito discuss the likely major trends ranging from a shift in demand from Japan and China to the Middle East, and the rise of US production – and where that LNG can be offloaded.
ICIS looks country-by-country at the key potential supply, demand and regulation changes in 2017 which could impact natural gas prices and market liquidity in Europe.