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.
ICIS looks country-by-country at the key potential supply, demand and regulation changes which could impact power prices and market liquidity in Europe in 2017.
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.
The prices of British natural gas summer- and winter-delivery contracts have moved in line with each other in March, despite Centrica Storage’s decision not to offer any capacity at Britain’s only seasonal storage site Rough for 12 months starting from April.
In this market highlight, ICIS looks at what has driven the key NBP summer-winter spread recently, and at which months are shaping up to be the most risk-laden at the NBP next winter.
A drop in Asian demand has led to a sharp up-tick in LNG cargoes due into Britain in March, and traders expect the trend to continue into the start of the gas summer.
ICIS looks at the drivers behind dwindling Asian demand, the evolution of Britain-Asia price spreads, and how this has created arbitrage opportunities to divert cargoes to Europe.
European natural gas pipeline supply fell to a five-month low of 26.2 billion cubic metres in February 2017, according to grid operator data collated by ICIS.
Despite month-on-month reductions, aggregate European pipeline imports rose by 9% or 2.1bcm compared to February 2016. This was driven by increased Russian and Algerian gas supply, which offset a drop in imports from Norway and Libya.
Global LNG market growth is set to accelerate in the coming years as more than 100mtpa of production capacity under construction comes online by 2020.
This white paper looks at the current usage of FSRUs, taking into account their capacities and geographies.
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.
The LNG market in 2016 saw a flurry of new Australian and US production start-up but plant outages stemmed the flow of cargoes. Spot prices fell on weak East Asian demand for much of the year but new buyers came into the market.
In this white paper, ICIS offers a thorough review of all the key global LNG events and changes over 2016.
Power prices surged across Europe in winter 2016/17 due to cold weather and nuclear outages.
France was the epicentre of the outages and some of the nuclear fleet remains offline. There was a knock-on impact on prices across the region as France is western Europe’s biggest electricity exporter.
ICIS looks at the fundamental factors which could determine system tightness.
In this latest video, ICIS energy editors Jamie Stewart and Tom Marzec-Manser discuss what could happen on European power and gas markets later in the winter, when temperatures could drop further and boost energy demand.
ICIS is following the latest developments of the ongoing French nuclear safety review and its consequences, which could result in the tightest supply crunch in modern history. ICIS energy journalists are covering and analysing developments in the situation and its impact on European power markets as the news continues to unfold.
In this white paper, ICIS explores if the launch of the Urals Futures – the first Russian-designed oil futures contract – on the Saint-Petersburg International Mercantile Exchange (SPIMEX) in November 2016 could prove a decisive step in achieving what the country sees as an improved, Russian oil pricing mechanism.
On 30 November, OPEC members decided to cut a total of 1.2m bbl/day of crude oil output from 1 January 2017, for the first time in eight years.
In the face of a mounting oil production, ICIS looks at the way the output cuts agreement has affected oil prices so far and the 2017 outlook.
Since the 2014 crude oil price crash opened a huge spread between gasoline prices and fuel ethanol, ethanol blending has looked economically unattractive, more driven by government mandates.
Some are asking the question, is Europe’s ethanol industry in trouble?