ICIS - energy podcasts: Recent Episodes
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As European countries are looking to wean themselves off Russian gas imports, buyers have been looking for opportunities elsewhere, including in the Caspian region.
A number of central and eastern European countries have expressed interest in buying gas from Azerbaijan but Italian buyers who are already off-taking volumes would like to increase imports.
However, does Azerbaijan have enough resources to supply central, southern and eastern Europe? If not, will CEE countries compete with Italy over limited supplies?
Italy and CEE senior gas market reporters Camilla Vitanza and Luka Dimitrov tell Aura Sabadus about the constraints and the options that are available.
Ukrainian energy companies are facing one of their toughest winters ever, scrambling to repair infrastructure damaged by ongoing Russian missile attacks ahead of winter and secure financial resources to keep the energy system running. Despite the risks, European companies are importing and injecting gas in storage, taking advantage of falling gas prices and Ukraine’s large available capacity.
In the third interview of a three-part series, ICIS Energy expert Aura Sabadus talks to Olga Bielkova, government affairs director of GTSOU and Sergii Pereloma, CEO of Ukrtransgaz about the outlook for the Russian gas transit through Ukraine and renewed European interest in Ukraine’s gas storage.
Ukrainian energy companies are facing one of their toughest winters ever, scrambling to repair infrastructure damaged by ongoing Russian missile attacks ahead of winter and secure financial resources to keep the energy system running. Despite the risks, European companies are importing and injecting gas in storage, taking advantage of falling gas prices and Ukraine’s large available capacity.
In the second interview of a three-part series, ICIS Energy expert Aura Sabadus talks to Artur Lorkowski, director of the Energy Community Secretariat, about the organisations efforts to coordinate equipment and financial donations for Ukrainian energy companies and the country’s prospects for EU market integration.
Ukrainian energy companies are facing one of their toughest winters ever, scrambling to repair infrastructure damaged by ongoing Russian missile attacks ahead of winter and secure financial resources to keep the energy system running.
Despite the risks, European companies are importing and injecting gas in storage, taking advantage of falling gas prices and Ukraine’s large available capacity.
In the first interview of a three-part series, ICIS Energy expert Aura Sabadus talks to Dmytro Sakharuk, executive director of DTEK about the impact of infrastructure damages on the energy sector, the winter supply outlook and the prospect for cross-border trading.
What did industry executives and market participants have to say about winter expectations, Russia and the lack of US LNG offtake agreements signed at Gastech in Milan?
ICIS LNG Americas reporter Fauzeya Rahman chats with LNG markets reporter Victoria Tchen on what she reported on from the gas and LNG industry conference in early September and what could come next.
What did industry executives and market participants have to say about winter expectations, Russia and the lack of US LNG offtake agreements signed at Gastech in Milan?
ICIS LNG Americas reporter Fauzeya Rahman chats with LNG markets reporter Victoria Tchen on what she reported on from the gas and LNG industry conference in early September and what could come next.
Amid already record high ICIS TTF prices and rising demand from Asia buyers, what will the LNG market look like this winter?
ICIS LNG Americas reporter Fauzeya Rahman and Chris Rene, deputy editor of the Gas in Focus report, discuss the four key factors that will determine the outlook for the upcoming busy winter season.
According to a recent ICIS long-term electric vehicles (EV) forecast European countries are on track to achieving the COP26 commitment to transition to 100% zero-emission car and van sales by 2035. ICIS deputy power editor Laura Mendes and energy market reporter Cem Bektas look at how this is achievable, discuss e-mobility developments in Europe and how it will impact power markets.
As the US bans Russian energy imports, ICIS experts analyse the impact of rising sanctions on global energy markets, and the outlook for Russian gas flows to Europe.
European companies are stepping away from Russia, but Russian gas and LNG continues to come to Europe.For how long will this continue and what happens if Europe stops importing Russian gas?ICIS Global LNG Editor Ed Cox and Head of Gas and LNG Analytics Tom Marzec-Manser discuss the growing crisis.
As more intermittent sources of energy become key to the energy transition, battery storage is set to play an important role in balancing power grids across Europe. As the technology gathers pace ICIS Energy Market Reporters Laura Mendes and David Battista discuss the future of the battery storage market.
A year after the military coup in Myanmar and after a recent exodus of oil and gas companies, ICIS Global LNG Editor Ed Cox and Head of Asian LNG Analytics Alex Siow discuss what could come next for the country’s energy market. They also discuss the 2022 ICIS LNG Global Supply & Demand Outlook.
For more information, or to receive a copy of the Outlook, contact tom.marzec-manser@icis.com or ed.cox@icis.com.
As military tensions have been mounting on the Ukrainian – Russian border, observers are trying to understand whether gas flows could be disrupted as a result. ICIS senior journalist Aura Sabadus has asked Sergiy Makogon, CEO of the Ukrainian gas transmission system operator, GTSOU, and Szabolcs Ferencz, CEO of the Hungarian counterpart, FGSZ, how the situation is seen on the ground and what measures the operators are putting in place to limit risks.
Energy market reporter Cecilia Barreiro and senior analyst Tamas Vargas -from major brokerage firm PVM- deep dive into the origins of the Russia/Ukraine tensions and discuss how rising geopolitical issues between Russia and the West over Ukraine might impact the energy market. Tamas Varga shares his viewpoint with ICIS about the Russia and Europe energy relationship and why oil prices could continue rising.
The Medgaz natural gas pipeline expansion was expected to be completed by early January 2022, but there are no announcements yet. ICIS market reporter Laura Mendes talks with Cem Bektas about the pipeline’s current status and what impact the expansion will have in the Spanish gas market.
Unrest in Kazakhstan has brought a focus on the role of Central Asian gas exports to China and Russia. This comes as China looks to further diversify its energy supply mix and continues to sign new term LNG contracts. Ed Cox, Global LNG Editor at ICIS, talks with market expert Aura Sabadus and energy reporter Yun Xie on the latest in the region and how importing markets to the east and the west have reacted.
Hydrogen editor Jake Stones and Scottish Renewables director of policy Morag Watson breakdown the key outcomes of COP26 for hydrogen and its role in the energy transition by reviewing the main policy decisions and whether momentum towards net zero will remain.
After a year of record-breaking news, ICIS LNG editors Ed Cox, Ruth Liao, and head of gas analytics Tom Marzec-Manser recap the key highlights and market drivers of 2021. From historic spot price surges to changing Russian gas flows, the team dives into how the LNG market responded.
Energy reporters Laura Mendes and Diane Elijah discuss the COP26’s outcomes and unresolved issues and what this means for limiting global warming to 1.5°C above pre-industrial levels.
Hydrogen editor Jake Stones and independent adviser for hydrogen David Scrimgeour discuss the potential for the largest hydrogen market in Europe, Germany and also the potential for significant green hydrogen supply from COP26 host nation Scotland.
The sharp recovery in oil demand has outpaced supply growth and resulted in a drawdown of global oil inventories, as coronavirus lockdown measures ease. The supply and demand balance is threatened, especially in a global energy crunch time. While unwinding its outstanding output cuts, OPEC+ has resisted pressure to further raise supply amid concerns of a potential growing oversupply of crude in 2022. Following the recent surge in energy prices, the ICIS global oil editor Sophie Udubasceanu talks to senior oil editor James Dennis about the latest developments in the market.
Hydrogen editor Jake Stones and CCUS and hydrogen expert Tony Smith discuss the impact of the UK government's announcement to select HyNet and the East Coast Cluster for track 1 of its cluster sequencing programme, reviewing how the programme could shape the future of the country's market.
A key topic of debate at the moment in both Germany and Poland is the role of coal as a power source within each country’s energy mix, with Germany on track to close down at least 2GW of coal by 2022. ICIS Energy market reporters Laura Mendes and David Battista talk about the progress of German and Polish coal de-commissioning programs and how this might affect power prices and other regional power markets in coming years.
Energy market reporter Laura Mendes and lead hydrogen reporter Jake Stones discuss key developments in European hydrogen. This episode covers a recent announcement from INEOS to invest £1bn at the Grangemouth industrial cluster in Scotland to support blue hydrogen production, the UK’s future of hydrogen, and what the German elections might mean for the largest demand base in Europe.
How is demand reacting to record LNG spot prices? In this ICIS podcast episode, LNG reporter Fauzeya Rahman chats with LNG editors Ed Cox and Ruth Liao on how global markets are reacting to record high prices and what to expect this winter.
The German election for a new federal government and chancellor will take place on 26 September. A key topic of debate at the moment is energy policy. And the main policy proposals are promising to be more climate ambitious than the current outlook. ICIS Energy market reporter Laura Mendes talks with in-house analyst Roy Manuell to look at the possible scenarios of election results for the German market.
European natural gas prices resumed their rally on news that Russia’s Gazprom chose not to book additional firm capacity to ship gas via Ukraine in October. The news came at a time when near record gas prices are sending shockwaves across related industries from fertilizers to food processing or leading to a chain of bankruptcies in the energy retail sector. Senior editor Deepika Thapliyal and Richard Ewing, global ammonia market editor join energy journalist Aura Sabadus to discuss the impact of the gas price rally on global ammonia and urea markets.
Germany will retire a large total of baseload power generation over the next decade, increasing the country’s need for grid flexibility. The latest paper published by the ICIS analytics team covers potential routes for new gas capacity: “Filling the Supply Gap: Does Germany Need New Gas?” ICIS Energy market reporter Laura Mendes talks with analyst Roy Manuell to explore the findings on this paper.
As corporates worldwide pledge to decarbonise their operations, guarantees of origin certificates are set to gain ground as an essential tracking tool. Green credentials have been trading since the early 2000s, but oversupply has long hampered their market consolidation. Now, new trends reveal that oversupply is being replaced by a shorter market for solar and wind technologies, although the presence of large amount of uncertified generation continues to pose risks.
In this new episode of the ICIS Energy podcast, reporter Federica Di Sario discusses with Adam White, secretary general of RECS International, a Brussels-based trade association, how demand is balancing out oversupply on some technologies and why full disclosure is the only way forward.
Crude demand across the world remains volatile with the spread of the Delta variant - nowhere more so than in the US market. Americas crude editor Ignacio Sotolongo and market reporter Andrew Putwain discuss the latest trends affecting one of the world’s largest producers; including the bounce back in shale oil production, and the Atlantic hurricane season as well as the latest OPEC+ moves.
Carbon-neutral cargoes began trading in 2019 and will likely gain momentum moving forward. Who is participating and where is this new field heading? LNG reporter Fauzeya Rahman chats with lead analyst Alex Froley about the rise in carbon-neutral activity and its longterm outlook.
At the end of June, the ICIS 2050 long-term power forecast was extended across the Nordics and the Baltic regions, for which different decarbonisation scenarios were identified. In this new episode of the ICIS Energy podcast, reporter Federica Di Sario joins in-house analyst Roy Manuell to explore the findings of the modelling expansion.
Onshore and offshore wind expansion in Europe will be key to achieve the new climate neutrality targets from the Fit for 55 package. Energy market reporter Laura Mendes discusses key issues in wind energy development in Europe with ICIS analyst Roy Manuell and WindEurope Chief Policy Officer Pierre Tardieu.
The launch of the UK carbon market was preceded by many speculations on its potential bearish impact on EUA prices. Over a month later, the opposite seemed true.
In this new episode, economics student and ICIS intern Sabrin Jama explores the direct and indirect linkages between the two systems with carbon analyst Sebastian Rilling and reporter Eugene Poon.
With global LNG spot prices extremely high, what markets are most attractive for US LNG? LNG reporter Fauzeya Rahman talks with ICIS global LNG Editor Ed Cox and LNG Editor for the Americas, Ruth Liao, on the current spot price rally, US LNG margins and the 2022 outlook for global LNG demand.
As the first half of the year ends on a bullish note for German gas and power prices, market reporters Laura Mendes and Arlind Neziri look ahead to what the rest of the year could hold in terms of fundamental drivers.
At a time when a flurry of studies warn against the risk of fossil fuel stranded assets, investing in renewables is a necessity. Yet, many are the risks, but also the opportunities, that renewables investors should be aware of. In this episode, ICIS reporter Federica Di Sario discusses the main trends and expectations in the renewables space with Laurent Segalen, clean energy investment banker, managing partner at Megawatt X and Board Member of Zeigo platform and Janos Hettyey, PPA Manager at BayWa re.
Energy market reporter Laura Mendes talks with ICIS analyst Roy Manuell about how Portugal is set to become the cheapest European market post-2030 and its leading role in new forms of clean energy finance.
The switch from coal to gas has been driving decarbonisation over the past years, but methane leakage can hamper environmental gains. For this episode, energy market reporter Federica Di Sario discusses the challenges of the current state of the EU’s methane leakage policies with ICIS lead analyst Andreas Schroeder.
At a time when long-term planning is a necessity for achieving net-zero carbon emissions, accurate forecasting becomes an indispensable tool in the energy space. An extension of the 2050 ICIS horizon modelling to Southern Europe has allowed ICIS analysts to form a long-term view of power market fundamentals. In this episode, ICIS experts Federica Di Sario and Stefan Konstantinov discuss Italy and the impact the EU’s ambitious 2050 decarbonisation goals are likely to have on power prices, installed capacity and the generation mix.
Europe’s grid operators’ and integrated utilities’ capex is set to exceed €107bn this year and is likely to keep rising in the short-to-medium term. ICIS market reporter Laura Mendes discusses with her colleagues, Luka Dimitrov and David Battista, the impact these investments in capex will have on European power prices.
The LNG bunkering market is growing quickly, supported by new infrastructure and bunkering vessels in Europe and Asia. In this podcast, LNG senior reporter Clare Pennington talks to LNG shipping editor Roman Kazmin about the latest developments in LNG bunkering, and how this regionally divided market is shifting to a globally connected one.
In 2016, 27% of European road transport emissions came from HGVs. Two means of reducing carbon emissions from the trucking and bus industries are using LNG and hydrogen. In this episode of the alternative energy podcast from ICIS, market reporter Laura Mendes discusses both fuels as a means of decarbonising the transport sector with lead hydrogen reporter Jake Stones and senior market reporter Clare Pennington.
Energy Market Reporter Laura Mendes discusses the role of nuclear fusion in the energy transition, alongside with its developments and costs with First Light Fusion founder and CEO Nicholas Hawker.
From 2023 carbon-intensive goods imported to Europe may be subject to the Carbon Border Adjustment Mechanism (CBAM). In this episode, ICIS market expert Federica Di Sario talks with Suzana Carp, Political Strategy Director at Bellona Europe and Sebastian Rilling, carbon analyst with ICIS, on the potential impact on energy markets and how the tax will relate to the pre-existing carbon trading scheme.
The new ICIS 2050 long-term power forecast expands to include southern Europe at the end of March, exploring three possible scenarios for emissions reduction pathways in Spain: a Base Case outlook, a High-RES and a Low-RES pathway. ICIS market reporter Laura Mendes and ICIS analyst Roy Manuell discuss the new modelling, which shows that the rapid rate of solar expansion in Spain will have a consistently depressive impact on solar capture prices and capture rates over the next three decades, as well as pressuring Spanish wholesale prices to a discount to France and Germany.
A free version of the analysis is available here: https://www.icis.com/explore/resources/news/2021/03/22/10620007/icis-long-term-power-rapid-solar-expansion-to-drive-spanish-market-to-discount-to-france-and-germany-by-2050
As the blockage of the Suez Canal continues, LNG vessels are changing course to find other routes to market. ICIS Global LNG Editor Ed Cox speaks with ICIS LNG Analysts Olumide Ajayi and Robert Songer on how suppliers are managing their fleets and the impact on European and Asian gas and LNG markets.
Biofuels markets have been evolving, with legislation needing to play catch-up. Major energy and petrochemical companies need to plan and prepare for a new wave of clean oil. ICIS energy experts Sophie Udubasceanu, Ally Kirk, Andrew Putwain and Yunfeng Yu discuss challenges in the regulatory framework.
Europe’s power markers are becoming increasingly interconnected, with more than 30GW of additional power cables set to come online in the next five years. Greater connectivity may result in smaller price differentials between countries, although nuclear and coal phase-outs will likely keep prices moving in different directions. ICIS experts Federica Di Sario and Roy Manuell discuss cross-border flows, and how a reshuffling of national power capacity is likely to lead to France becoming the powerhouse of Europe.
A white paper on the topic is available here: https://www.icis.com/explore/resources/france-to-become-the-powerhouse-of-europe/
The Nord Stream 2 natural gas pipeline is meant to double Russia’s direct export capacity to Germany as a first entry point to the EU. Yet renewed US sanctions continue to cast uncertainty over its completion date. In this episode, ICIS market reporters Federica Di Sario and Diane Pallardy discuss where the project stands at the moment and how additional sanctions could affect construction.
The creation of regulated hydrogen networks will play a key role to the development of the hydrogen economy. Energy Market Reporter Laura Mendes discusses some of the latest developments behind creating hydrogen regulation with Lead Reporter for Hydrogen Jake Stones.
ICIS reporters Aura Sabadus, Cem Bektas, Luka Dimitrov and Jake Stones explore key themes and problems facing emerging hydrogen markets, with a focus on Spanish, Greek and Ukrainian hydrogen potential to support the EU Green Deal and the European Commission’s hydrogen strategy.
The European carbon market has been volatile recently, with prices breaking €40/tCO2e on 12 February for the first time since the start of the scheme back in 2005. Market reporter Federica Di Sario and head of carbon and power analytics Marcus Ferdinand discuss market dynamics, higher carbon emission targets and the upcoming MSR review in this podcast.
You can access the scenario-based analysis report "European carbon market shifting gears" here: https://www.icis.com/explore/resources/european-carbon-market-to-shift-gears/
Energy Market Reporter Laura Mendes discusses the importance of nuclear power in the European energy transition, alongside its risks and controversy when it comes to public perception with nuclear engineer and former Deputy Nuclear Adviser to the French Embassy in London, Maxence Cordiez.
The military takeover in Myanmar comes at a time of growing gas demand, with a number of upstream gas and LNG import projects at a critical stage in the region. Global LNG Editor Ed Cox speaks with LNG analyst Fei Xu and Lead Gas Analyst Alex Siow on the impact the political change could have on the country’s gas trade and infrastructure.
Renewable energies and other clean energy sources play a key role on the energy transition in Europe. Energy Market Reporter Laura Mendes discusses installed renewable capacity and nuclear power capacity with ICIS analyst Roy Manuell, also looking at how far current plans are from the 2030 reduced emission targets.
Jet fuel has been one of the oil products hit hardest by the pandemic. With vaccines now being rolled out will there be more support in 2021 - even as the market faces pressures to turn to more sustainable biofuels? Market analyst Man Yiu Tse and crude oil reporter Andrew Putwain look at the big trends for 2021 in jet fuel and biojet alternatives.
In a matter of years, sustainability reports will no longer be a “nice-to-have” but will rather become essential for market players to remain competitive and attract new capital. ICIS energy reporter Federica Di Sario and Lina Strandvåg Nagell, sustainable finance and economy manager at Bellona, discuss about the latest developments of the EU sustainable taxonomy and why aligning projects early on with such strategy may prevent further costs down the line.
Asian spot LNG prices have traded at record highs in early January, just months after hitting record lows last summer. European gas markets are also trading much higher in early 2021. Global LNG Editor Ed Cox talks to LNG reporters Hendrian Sukardi and Daniel Stemler on what’s caused the increases and what could come next.
Christmas impacts commodity markets right across the supply chain. From plastics used in toy production and how much jet fuel Santa needs, to patterns in energy markets on Christmas Day. The ICIS team brings together its expertise across markets for this special Christmassy episode, featuring valuable insight especially for Santa as he prepares to make his annual journey.
To decarbonise European energy, the EU is betting on offshore renewables. A recent strategy document showed the European Commission intends to sharply increase the bloc’s offshore wind power capacity, setting a 60GW target by 2030 and a 300GW goal for 2050. But is such ambition really within reach? ICIS market reporter Federica Di Sario gets the expert’s take from ICIS analyst Roy Manuell
Balance in the crude oil market remains under threat as US production breaks 11m bbl/day and OPEC+ decides to increase output by 500k bbl/day from January. A widespread distribution of a vaccine to coronavirus is a light at the end of the tunnel but comes with its own hurdles. ICIS global oil editor Sophie Udubasceanu, deputy global oil editor Richard Price are joined by PVM’s senior analyst Tamas Varga to discuss the market’s challenges in 2021.
The supply picture for global crude oil markets in 2021 became clearer as the last chess piece fell into place with OPEC+ announcing they were gradually winding down their output cuts agreement. ICIS oil experts Sophie Udubasceanu and Richard Price are joined by senior oil analyst from Commerzbank Carsten Fritsch to discuss the next year’s outlook.
LNG analyst Alex Froley and senior reporter Clare Pennington share their views on the growing trend of carbon neutral cargoes, how companies are each taking their own approach, and what growth in the carbon market might look like in future years, as demand and regulation on methane slip is expected to widen.
Ongoing discussions around stricter carbon emission reduction targets are set to impact the direction EU ETS carbon prices are heading. ICIS energy expert Federica Di Sario and ICIS analyst Sebastian Rilling discuss the potential outcomes of a 55% and 60% reduction on the EU ETS.
The coronavirus has levelled the aviation industry. However, this hard-to-decarbonise sector now has a chance to build back greener. One way of achieving this is by introducing hydrogen as a new, cleaner jet fuel. In this interview, energy market expert Jake Stones speaks to Julian Renz, business development manager for hydrogen aviation company ZeroAvia, to find out the intricacies of what’s involved in getting hydrogen planes to take flight.
The global oil markets closely followed the US election with the new administration set to bring in a more environmentally-friendly agenda and steps towards transition to clean oil. While a stable management in Washington will lead Investors to move away from the dollar as a safe haven towards more risky ventures. Senior oil editor Ignacio Sotolongo and Global oil editor Sophie Udubasceanu discuss the main challenges for crude oil.
Joe Biden’s tone on US LNG is broadly positive but sources are keen to understand how future environmental legislation may affect upstream US gas supply and prices.
Global LNG Editor Ed Cox, Americas Editor Ruth Liao and Americas reporter Fauzeya Rahman discuss the outlook for US LNG in the short and long term.
The Pfizer coronavirus vaccine rattled oil prices this week, but the rally slowed down by 12 November. Challenges remain, with widespread distribution now key to demand recovery. Why has the reaction been so strong so far? What does the shift in the oil forward curve indicate? Market experts Sophie Udubasceanu and Richard Price discuss the market’s outlook.
Virtual power plants are considered key technologies to relieve the load on power grids thanks to their ability to optimise generation and consumption. But how do they actually work and what potential do they have in Italy? ICIS market reporter Federica Di Sario discusses the issue with David Molina, product and solution manager at Huawei Italy.
Crude demand in Asia decreased sharply compared with 2020 expectations, but some countries have already seen a rapid turnaround. Asia crude editor James Dennis and market reporter Andrew Putwain explain the big trends for demand in the region as we head into 2021, as well as other drivers for demand globally including OPEC decisions around extending production cuts.
Just a couple of weeks after the new oil and gas infrastructure company PipeChina was launched, details of available LNG, storage and pipeline capacity have been published. Global LNG Editor Ed Cox and LNG analyst Tom Manser discuss the opportunities for emerging Chinese gas companies and LNG sellers.
Tackling two issues at once, Ways2H uses a unique thermochemical process to produce green hydrogen from municipal waste. ICIS Market Reporter Jake Stones meets Ways2H CEO Jean-Louis Kindler to discuss the technology, along with wider challenges in scaling up hydrogen for long-term energy goals.
With European institutions keeping momentum to support a higher carbon emission cut by 2030, are energy storage technologies on track to sustain such transition?
ICIS Energy market reporter Federica Di Sario discusses with Pradyumna Bhagwat, Research Fellow at the Florence School of Regulation, the major regulatory developments storages have gone through over the past years and what is yet to be done to support growth.
French hydrogen strategy exceeds previous European national strategies by pledging 6.5GW of electrolyser capacity by 2030, but what effect will this have on the French power market? ICIS Energy market reporter Laura Mendes discusses with fellow energy market reporter Jake Stones the French hydrogen strategy compared to the other European ones and the outlook for French power demand when the hydrogen capacity comes online.
LNG charter rates have increased in recent weeks but shipping sources are doubtful that the market will hit the highs of 2018 and 2019. Global LNG Editor Ed Cox and Asia LNG Editor Roman Kazmin discuss the winter outlook for LNG shipping availability, charter rates and floating storage.
Vattenfall's decision to bid in it's 1.6GW German coal-fired Moorburg power plant in the first phase-out tender could indicate that the remuneration on offer is expected to be higher than future market returns. ICIS Market Reporters Tasmin Chowdhary and Varoon Kumar discuss the meaning behind the decision and the outlook for coal plants.
The US refining and LNG industries were largely spared by Hurricane Laura, but data modellers predict a busy storm season, which could see volatility in price. Americas LNG editor Ruth Liao and crude oil reporter Andrew Putwain discuss the effects this could have on the industries.
Bulls lifting the month+1 and front winter products on European gas markets are likely to run out of steam as an end to near-term price drivers is likely. ICIS Market Reporters Tasmin Chowdhary and Jake Stones examine these factors and how a fall in gas prices might be ahead.
An unusual combination of wet, windy weather and strong snow build-up have weighed on the Nordic power market, with the Nord Pool system price delivering at record lows this year. ICIS Energy Market Reporter Tasmin Chowdhary speaks to Arne Bergvik, Chief Analyst at Swedish renewable energy producer Jämtkraft, to find out the longer-term outlook.
Spot LNG prices are rising amid greater demand from East Asian and Indian buyers. This will lead to an increase in US LNG production as sellers’ margins improve. But can the market absorb more supply and is this a false dawn for sellers? Global LNG Editor Ed Cox and Americas Editor Ruth Liao discuss the outlook for the market into the fourth quarter.
Germany's onshore wind expansion has picked up pace in the first half of the year, contrasting with poor auction results in the past. ICIS Market Reporters Tasmin Chowdhary and Varoon Kumar explore promising signs for wind and the outlook for long-term renewable targets.
Reintroducing the ‘green cent tax’ on Spain’s gas-fired plants would see domestic gas generation fall, replaced by higher imports, and lift the country’s power prices from 2022, ICIS analyst modelling shows. Market Reporter Tasmin Chowdhary and Senior Power Analyst at ICIS Anise Ganbold discuss the model results and effect on the Spanish power mix in this short update.
Unclear market regulation and costly access to the grid remain key barriers to the development of the energy battery storage market in Europe, industry experts say. ICIS senior market reporter Roy Manuell and energy reporters Varoon Kumar and Federica Di Sario discuss the regulatory hurdles of battery deployment in Europe and its expected price impact once it will be deployed on a larger scale.
Exploring different technologies within the electrolyser market and pushing towards greater cost transparency is imperative if renewable hydrogen is to become cost competitive. ICIS energy market reporters David Battista and Jake Stones speak to Thomas Chrometzka, head of business development at modular electrolyser firm Enapter to find out more.
French electricity demand has slowly recovered from the coronavirus lockdown, although the day-ahead peak-baseload price spread is likely to remain low. ICIS power market reporters Tasmin Chowdhary and Laura Mendes discuss the outlook for French peak prices over the next few months.
High breakevens and vast sums of maturing debt left US shale producers exposed to the oil price crash of 2020. Global Crude Oil Deputy Editor Richard Price, Oil Market Reporter Andrew Putwain and Senior Editor Ignacio Sotolongo discuss US shale, and why the industry was hit so hard.
Lower demand due to the coronavirus and soaring renewable production have increased instability in the Dutch and Belgian power balancing markets, with a higher incidence of negative prices. ICIS market reporter Tasmin Chowdhary examines this trend more closely with Jean-Paul Harreman, director at energy consultancy EnAppSys, and discusses the wider implications.
Qatar reserved slots at South Korean shipyards for more than 100 new building LNG carriers through to 2027 earlier in June, after it postponed in February the selection of partners in its expansion project from the end of the first quarter to September. The move has been interpreted as a message to its competitors that it will go ahead with its expansion plans, even as economies and investment slow in reaction to the global coronavirus pandemic. But it could also prove practical decision making for the world’s biggest producer. In the meantime, a long market could give the UAE the opportunity to up its LNG imports this year, even as it turns to alternative energy sources. In this podcast Europe LNG editor Hal Brown and senior reporter Clare Pennington discuss:
- Options for Qatar’s future fleet, and why the producer could go for conventional vessels
- Why Qatar’s mega ships may be less economic in current market environment and whether it could take advantage of discounts
- Qatargas contracts still in negotiation in Asia put on hold
- How the United Arab Emirates is taking advantage of long supply and a favourable buyer environment
- The price environment could see UAE import more than 1.7 million tonnes this year
Low spot LNG prices in Asia have opened the door for independent Chinese buyers to step up imports over the summer. ICIS Global LNG Editor Ed Cox and China market expert Hendrian Sukardi discuss the outlook for China’s demand as the truck LNG sector takes on more expensive pipe gas imports.
After enforcing two of the strictest lockdowns in Europe, Italy and France are slowly reopening their economies, but what does this mean for their power demand? Market reporter Tasmin Chowdhary discusses with ICIS French reporter Laura Mendes and Italian reporter Federica Di Sario the summer outlook for these markets.
Recent policy amendments agreed by the German government could stimulate future growth in solar and onshore wind capacity. Market reporters Tasmin Chowdhary and Varoon Kumar discuss the changes as well as the uncertainties about whether these can help meet long-term renewable and climate goals.
Pilot developments using offshore wind power to generate green hydrogen are starting to take off. ICIS market reporters Tasmin Chowdhary and Jake Stones explore these new technologies that will help reduce the cost of green hydrogen, bringing this low-carbon fuel one step closer to large-scale integration.
Pipeline gas flows into Europe have been cut across the board in April. This has opened the door for more LNG into the market. In this podcast, Global LNG Editor Ed Cox and Senior LNG Analyst Tom Manser discuss the role that lower Russian exports to Europe could have in 2020 and the outlook for the broader market balance.
Poor economics and low demand mean a raft of US cargoes for June loading have been cancelled. ICIS Editors Ed Cox and Ruth Liao analyse what has happened and the outlook for further cancellations
The recent deal by OPEC+ members to cut production has underwhelmed the market, which reacted bearishly on the news. Richard Price, global crude oil deputy editor and Andrew Putwain, energy reporter, discuss this as well as the impending storage crisis in the latest ICIS energy podcast.
The worsening outlook for the Asian economies in 2020 will mean lower LNG demand from Japan, China and South Korea. Global LNG Editor Ed Cox and LNG analyst Tom Manser discuss recent changes to the LNG Edge forecast and the broader outlook for demand.
As the coronavirus pandemic continues, Italy remains the hardest hit country in Europe. ICIS Italian gas reporter Marta Del Buono and Italian power reporter Federica Di Sario discuss what severe restrictions have meant for both power and gas, and what could happen next for energy markets.
The OPEC+ meeting has been moved to later in the week amid more uncertainty in the market. Global crude editor Sophie Udubasceanu and market reporter Andrew Putwain discuss the latest move, which has sent crude futures prices down again as they struggle with weak buying, and what the meeting could achieve.
With energy prices under downward pressure and oil markets volatile, the ICIS Energy Editorial team takes a cross-commodity look at key demand drivers into the summer.
The coronavirus is ripping through markets, slashing demand across the globe whilst Saudi Arabia and Russia battle for market share. Global Oil Editor Sophie Udubasceanu and Oil Expert Richard Price discuss this unprecedented series of events, how market players are looking to exploit the shift in market dynamics and what’s to come.
Hydrogen has been gaining traction in the energy sector recently. Market reporters Jake Stones and Tasmin Chowdhary explore hydrogen's different uses, the multiple means of extracting it and the barriers which will need to be overcome if we are to successfully integrate it into our future energy mix.
In this extended podcast, ICIS editors analyse the drop in oil prices and the reaction across global LNG and European gas and power markets.
After the cancellation of CERAWeek in Houston due to concerns over the virus, Global LNG Editor Ed Cox and Americas Editor Ruth Liao discuss the impact on upcoming events and what’s new in the LNG market this week.
The UK has recently experienced LNG supply issues at the port of Milford Haven, the location of Dragon and South Hook LNG terminals. ICIS energy reporters Jake Stones and Tasmin Chowdhary discuss why this has caused a problem for supply and what impact it has had at the NBP gas hub.
Low global LNG spot prices and oversupply have led some buyers to cancel future contractual loadings of US LNG. Global LNG Editor Ed Cox and Americas Editor Ruth Liao discuss the outlook for US LNG and if this could lead to full-scale production shut-ins.
The European Commission confirmed that the UK’s supply issuance suspension has been lifted as of the start of February. ICIS energy reporters Varoon Kumar and Federica Di Sario discuss carbon market fundamentals, the key features of the plan and the anticipated market reaction.
Asian spot LNG prices are at record lows with gas demand in China still reduced by the impact of the Coronavirus. Global LNG Editor Ed Cox discusses changes to the ICIS China demand forecast and market news with Senior Analyst Alex Siow and Asia LNG expert Hendrian Sukardi.
The deadly spread of the Coronavirus has hit Chinese gas and LNG demand with extended holidays curbing industrial output. Global LNG Editor Ed Cox and Asia LNG reporter Hendrian Sukardi discuss the extent of the impact on the LNG market in China and globally.
Discussion around if and how much US LNG will be shut in this year has been intense recently. But this is a complex area without a simple answer. LNG Editors Ed Cox and Ruth Liao debate the outlook for US LNG in 2020.
A final timeline for lignite capacity closures was unveiled by the German government earlier in the month. ICIS energy reporters Roy Manuell and Tasmin Chowdhary discuss the key points of the plan, the market reaction and next steps for the country’s phase out of coal.
Fears that the Strait of Hormuz, a key chokepoint for oil tankers, could be shut off by Iranian authorities as a form of US retaliation have subsided, although the possibility remains open. ICIS energy reporter Tasmin Chowdhary is joined by global crude editor Sophie Udubasceanu to discuss the importance of the Strait to global oil markets.
Tensions between the US and Iran are again dominating headlines after the US’s assassination of Qasem Soleimani and Iranian retaliatory action. Market experts Ed Cox and Patrick Sykes discuss the impact on oil and LNG markets.
Abundant rainfall has allowed French reservoir levels to climb to their highest levels in the past five years. Stocks were nearly three quarters full in week 50, according to grid operator RTE. Market reporters Tasmin Chowdhary and Karolina Zagrodna assess the current impact of hydropower on French winter supply and power prices, amid tightened nuclear supply.
With less than a month until a 10-year contract for the transit of Russian gas to Europe and Turkey via Ukraine expires, it is still unclear whether Ukraine and Russia would agree to sign a new agreement from 1 January. In this podcast, Aura Sabadus, Ben Samuel and Patrick Sykes discuss the latest developments, their impact on gas prices and the gas and LNG outlook for January 2020.
With German onshore wind capacity increasing at its slowest annual rate since before 2000, German power expert Roy Manuell speaks to Market Reporter Tasmin Chowdhary about the current outlook for German renewable expansion and whether 2030 climate targets are under threat as a result of slow onshore growth.
ICIS energy news editor Miriam Siers talks to journalists about the stories behind their stories. Episode 16 takes listeners through Dr Aura Sabadus’ investigation into claims the Romanian regulator was not as independent as the law required.
ICIS energy news editor Miriam Siers talks to journalists about the stories behind their stories. Episode 15 explores a journey to find the right story angle from some mysterious puzzle pieces, with Jennifer Sanin.
Earlier this month, plans for Greece decommissioning all of its remaining lignite capacity by 2028 surfaced in the local press. While there have been statements about this before, the plan is yet to be confirmed by the government. Market reporters Federica Di Sario and Tasmin Chowdhary delve into the information available thus far and discuss whether the ambitious goal is feasible.
ICIS energy news editor Miriam Siers talks to journalists about the stories behind their stories. Episode 14 discusses the secrets of writing forward-looking journalism, with Julie Fisher and Diane Pallardy chatting about their Q2 2020 European gas outlook.
The Trans Adriatic Pipeline (TAP) bringing gas volumes sourced from Azerbaijan to Italy is expected to go-live during the fourth quarter of 2020. Energy reporters Patrick Sykes and Dalila Ouerghi discuss the market impact on gas prices at the Italian PSV natural gas hub.
European power prices have lost risk premium following news from French utility EDF that nuclear reactors would not have to shut down this winter. Market reporters Tasmin Chowdhary and Rebecca Gualandi discuss the market impact of events in the past two weeks and the current outlook.
ICIS energy news editor Miriam Siers talks to journalists about the stories behind their stories. Episode 13 discusses reporter Roy Manuell's fast and analytical coverage of a breaking French nuclear announcement on 18 September.
Ukraine and Poland have tightened their cooperation on cross-border capacity and gas supplies over the last few weeks. Energy experts Karolina Zagrodna and Tasmin Chowdhary discuss the possibility of expanding gas exports from Poland to Ukraine as well as Poland’s own plans to secure and diversify its sources of supply once its contract with Russia ends in 2022.
Romanian MPs advised to remove a number of restrictive measures introduced by the government last year, which reversed the liberalisation of the gas market. If approved, the latest amendments may help to renew investors’ appetite to return in the Romanian upstream sector, although traders agree that in the short term the market may face turmoil particularly ahead of the upcoming winter. To add to the uncertainty, it is yet unknown whether Romania could secure more interconnection capacity as the gas grid operator Transgaz appears reluctant to sign critical agreements with neighbouring Ukraine. Aura Sabadus discusses the implications of the latest developments in the market.
LONDON (ICIS)--ICIS energy market expert Julie Fisher talks to journalists about the stories behind their stories. Episode 12 discusses how we cover macroeconomic developments in a way that is relevant to our audience, with market reporters Chetan Patel and Roy Manuell.
LONDON (ICIS)—Italy is likely to hold a general election soon, after deputy prime minister Matteo Salvini pulled the plug on the government. This could have an impact on the submission of Italy’s energy and climate plan to the EU Commission, as well as previous plans to subsidise more expensive renewable technologies. Market experts Marta Del Buono and Tasmin Chowdhary discuss the outlook.
Production from the giant Groningen gas field in the Netherlands is rapidly declining, and ICIS analysis indicates that overall production for the gas year will be considerably lower than the government’s 19.4bcm production cap. Market reporters Daniel Stemler and Patrick Sykes discuss the reasons for the decline, and the outlook.
The Greek gas market was one of Europe’s last to liberalise, but is catching up fast, as a growing list of LNG and pipeline projects promise to turn the country into a regional hub. Market reporters Chetan Patel and Patrick Sykes discuss the latest developments and outlook for the years ahead.
Russia’s Gazprom will start supplying piped gas to China via the Power of Siberia for the first time this December. Gazprom and CNPC are negotiating additional volumes on this pipeline but also on the planned Altai route. LNG analyst Tom Marzec-Manser and market reporter Diane Pallardy discuss how East-Asian LNG prices, Central Asian piped gas and European benchmarks are likely to influence the price negotiations for the Altai pipe.
ICIS energy news editor Miriam Siers talks to journalists about the stories behind their stories. Episode 11 discusses the challenges of finding stories and building sources in opaque energy markets, with Dr Aura Sabadus.
Tensions between Iran and the West continue to simmer in the Middle East, threatening to block a major oil artery, the Strait of Hormuz. Oil market experts Julien Mathonniere and Richard Price discuss the possible repercussions for the global oil market.
Italy is poised to implement legislation to subsidise up to 8GW of new renewable capacity in the years 2021. This, along new cross-border capacity with France and Montenegro in 2020 is already having an impact on the Italian power market. Market reporters Tasmin Chowdhary and Marta Del Buono discuss the details of the decree and the effects of the new capacity on long-term contracts.
Japan is the world’s biggest importer of LNG but demand has fallen recently after a strong increase following the 2011 nuclear disaster at Fukushima that took the country’s nuclear fleet offline. Nuclear capacity has been gradually returning, but new regulations now threaten to derail that progress, potentially boosting gas’s place in the power mix once again. Senior market reporters Joachim Moxon and Patrick Sykes discuss the outlook.
Following weak performance at recent European election by the two ruling coalition parties in Germany, the CDU/CSU and SPD, the German government looks frail. With the Green party polling strongly its political clout is rising and could heap pressure to shape German energy policy towards more climate-friendly measures. Market expert Roy Manuell gives his outlook to ICIS News Editor Miriam Siers.
ICIS energy news editor Miriam Siers talks to journalists about the stories behind their stories. Episode 10 looks at the ICIS newsroom now compared to 10 years ago, sparked by decade lows on European gas prices seen during June 2019.
ICIS energy news editor Miriam Siers talks to journalists about the stories behind their stories. Episode 9 takes us to the Arctic Circle in Russia with Diane Pallardy after she attended an event and tour of the facilities of the Bovanenkovo Gas Field – the source for the planned Nord Stream 2 pipeline to Europe.
In the wake of Spain’s snap parliamentary elections, one of the key challenges that the Socialist government must face is question of subsidy payments to gas-fired power plants. Market reporters Dalilia Ouerghi and Nicholas Brocklesby discuss what to expect.
Baltic grid operators just inked the final deal to synchronise their power grids with the continental European network by 2025. Market reporters Tasmin Chowdhary and Marta Del Buono discuss the background of the project, why it is crucial for regional supply security and the next steps.
ICIS energy news editor Miriam Siers talks to journalists about the stories behind their stories. Episode 8 offers a glimpse into the way we gather reader feedback from subscribers and the changes we have made as a result, with Ben Samuel and Arun Toora.
European LNG imports reached a record high in April, with the surge continuing in May. Asian spot LNG prices have moved back to a premium to northwest European gas markets over the summer. ICIS experts Ed Cox and Thomas Rodgers discuss the outlook for LNG supply to European markets over the coming months.
ICIS energy news editor Miriam Siers talks to journalists about the stories behind their stories. Episode 7 explores the challenges involved in covering news developments on Britain’s exit from the EU for a trade audience, in an environment where Brexit news is everywhere, with Thomas Rodgers and Christopher Somers.
ICIS energy news editor Miriam Siers talks to journalists about the stories behind their stories. Episode 6 looks at the difficulty journalists face in sorting fact from fiction after false reports in April 2019 on the imminent start-up of the Sur de Texas gas pipeline to Mexico, with Claudia Espinosa.
With Germany due to phase out coal and nuclear power plants, a significant chunk of current power generation capacity is due to be removed by 2022. Market experts Roy Manuell and Tasmin Chowdhary discuss what could ease German supply tightness in the coming years.
ICIS released its latest ICIS Power Index (IPI) analysis on Wednesday looking at how bearish wholesale power and gas prices in recent months are likely to affect the calculation of the UK retail price cap in October.
ICIS editor Irina Peltegova and UK market expert/news editor Chris Somers discuss the findings of the report.
ICIS energy news editor Miriam Siers talks to journalists about the stories behind their stories. Episode 5 looks at what went into the creation of the TTF market comment on the volatile 8 April trading session, with Roy Manuell.
The EUA carbon price has surged in the past week, approaching a multi-year high. ICIS senior reporters Patrick Sykes and William Peck discuss Brexit-driven volatility in the market and the price outlook.
ICIS energy news editor Miriam Siers talks to journalists about the stories behind their stories. Episode 4 looks at using data as a storytelling tool, with Will Peck.
ICIS energy news editor Miriam Siers talks to journalists about the stories behind their stories. Episode 3 looks at Aura Sabadus’s scoop last year that Russia’s Gazprom was preventing the opening up of competition on the Romanian-Ukrainian gas pipeline.
ICIS energy news editor Miriam Siers talks to journalists about the stories behind their stories. Episode 2 looks at changing trends in growing global LNG production and their impact on European gas supply, with Julie Fisher.
ICIS Energy news editor Miriam Siers talks to journalists about the stories behind their stories. Episode 1 looks at the ongoing drama of overhauling the way gas transport tariffs are set in the UK, with Thomas Rodgers.
The NATO-backed toppling of Muammar Gaddafi in 2011 carved Libya into two swathes of control. This caused the country’s production to plummet as the previously smouldering civil unrest reached a crescendo. As the eastern leader Khalifa Haftar makes a bid for control, what will happen to the country with the key to Africa’s largest proven oil reserves?
The UK is expected to exit the EU on 29 March. Uncertainly surrounds the country’s global trading future, but what does it mean for gas markets? In the event of a no-deal Brexit, companies based in the UK would lose their supply licences to France. How are suppliers adapting to this scenario in order to avoid a disruption in gas supply? Market experts Kelly Paul and Patrick Sykes discuss the impact on the French gas market.
Record-high volumes of LNG delivered to Europe and mild temperatures keeping a lid on domestic demand have meant a much lower reliance on Dutch storage reserves in winter so far. Market experts Alice Casagni and Patrick Sykes discuss how these fundamentals have led to an unusually high spread between the two front seasons on the Dutch gas market.
Small-scale LNG projects are increasingly in the news, but what does small-scale actually mean and what is driving demand? Market experts Rob Songer and Patrick Sykes discuss the market’s main drivers and consider the potential for demand growth in the sector.
Croatia’s proposed Krk LNG terminal has moved one step closer to realisation after a positive final investment decision last week, but the risk of saturating the market means that importers will have to find additional destinations for volumes. Market experts David Simon and Patrick Sykes discuss the project and what it means for regional flows and prices.
Just four years after Polish gas company PGNiG received its first LNG shipment, the company last week celebrated its 50th, underlining Poland’s rising status as a key source of demand in Europe. Market experts Daniel Stemler and Patrick Sykes discuss PGNiG’s import strategy for the years ahead.
Spain’s energy transition will pick up pace this year, with renewable installations expected to soar and the timeline for phasing out coal to be set. Market experts Dalila Ouerghi and Patrick Sykes discuss the upcoming changes in the Spanish energy landscape and how wholesale electricity prices in the country will react.
The Romanian government passed an emergency ordinance at the end of 2018 that threatens to wipe out liquidity on the electricity and gas markets, reverse hard-won steps towards liberalisation and push numerous energy companies into bankruptcy. In this podcast Romanian gas and power market experts Aura Sabadus and Irina Peltegova assess the outlook for the Romanian energy sector and the implications for the region.
HOUSTON (ICIS)-- México ha avanzado bastante en la liberalización del mercado de gas natural. ¿Cómo puede cambiar este mercado el año que viene? Claudia Espinosa, editora del Mexico Energy Report comparte su perspectiva con el analista principal de energía en las Americas, James Fowler.
HOUSTON (ICIS)—How will Mexico’s natural gas market further evolve in 2019? ICIS Mexico Energy Report editor Claudia Espinosa shares her perspective with ICIS Americas senior energy analyst James Fowler.
The early closure of the Groningen gas field presents challenges for the Dutch gas market, not only in terms of security of supply but also in infrastructure. Patrick Sykes and Tom Rodgers discuss the challenges facing the Dutch gas industry.
Next year could be the busiest ever for final investment decisions in LNG export projects, according to some analysts. ICIS experts Ed Cox and Patrick Sykes discuss the state of the investment environment and which projects are best placed to go ahead.
On 1 November France’s natural gas market merged to create the Trading Region France (TRF). What has changed in terms of physical pipeline flows and has there been any impact on liquidity or prices? ICIS’ Patrick Sykes and Kelly Paul discuss the merger’s impact and ask whether key supply issues have been resolved.
Following two politically damaging federal state election results, German Chancellor Angela Merkel announced on Monday 29 October that she would not seek re-election as the head of the Christian Democratic Union (CDU) party at leadership elections in December. ICIS experts Roy Manuell and Tasmin Chowdhary discuss who might replace her and how the changing political situation could affect energy policy and the work of the German coal exit commission.
US sanctions on Iran are set to bite on 4 November, with Indian and Chinese imports of Iranian crude already wilting. The size of the supply void remains unclear as the US considers waivers. Market experts Sophie Udubasceanu and Richard Price discuss who could bridge the gap between supply and demand and what this means for the global crude market.
HOUSTON (ICIS)--Mexico has moved quickly to open up its oil, gas and power sectors after its 2013-2014 energy reform. How could this change after the newly-elected leftist administration takes office on 1 December 2018? ICIS Mexico Energy Report editor Claudia Espinosa interviews ICIS Americas senior energy analyst James Fowler on the outlook.
PODCAST: Groningen bill goes to vote in Dutch senate Plans to close the Dutch Groningen gas field will face a key test on 16 October as the government’s bill to minimise production goes to a vote in the Senate. Market experts Patrick Sykes and Kelly Paul discuss what the bill means for regional gas markets.
On Monday 1 October, the joint bidding zone for German and Austrian Day-ahead prices was split into two separate markets. ICIS energy experts Roy Manuell and Diane Pallardy discuss the reasons for the split and its implications for German and Austrian power prices.
Long-term capacity contracts on the Interconnector gas pipeline that connects Britain to Belgium are set to end on 1 October 2018, opening up the whole pipe to the market. ICIS experts Ben Samuel and Patrick Sykes discuss what to expect next from gas flows and prices.
Qatargas and Petrochina recently signed a major, long-term LNG supply contract through to 2040. ICIS experts Alex Thackrah and Patrick Sykes discuss the implications of this deal in the context of the US-China trade war and Qatar’s LNG expansion plans.
Following the recent bull run in carbon allowances, notional clean UK baseload dark and spark spreads suggest that coal-fired power generation has become more profitable to run that of gas-fired plants for Winter ’18 delivery. While higher-priced EUAs would typically favour gas-fired generation over coal, a corresponding hike in the NBP price has had the opposite effect. ICIS experts Patrick Sykes and Tom Marzec-Manser talk about the coal-switching price and the outlook for the upcoming winter.
México ha avanzado bastante en la liberalización del mercado eléctrico mayorista, pero la falta de estándares de medición representa para muchos un obstáculo para el desarrollo del mercado. ¿Cómo va México en este tema y en el desarrollo del mercado? Claudia Espinosa, editora del Mexico Energy Report habla con Diana Carranza, reportera para el Mexico Energy Report y GNL en las Americas.
Mexico has made strides in opening up its wholesale electricity market, but delayed metering standards may be hampering a successful market opening. What’s the status of the standards and how are they affecting the liberalization of the market? ICIS Mexico Energy Report editor Claudia Espinosa interviews Mexico Market Reporter Diana Carranza on the issue.
HOUSTON (ICIS)—Mexico has relied on LNG for years to make up for natural gas supply shortages, particularly in regions with poor pipeline connectivity. How will Mexico’s energy matrix shift as the pipeline buildout connecting it with abundant Permian gas enters its final years? ICIS Mexico Energy Report editor Claudia Espinosa interviews ICIS Americas LNG editor Ruth Liao on the changes.
After rollercoaster movements since the beginning of the month, the Turkish lira stabilised against the US dollar by the end of week 32. But the effect of the volatility and sharp depreciation has hit the economy hard. In this podcast, ICIS Editor Jonathan Lopez speaks to market experts Aura Sabadus and Ben Lake to assess the impact of recent events on the Turkish energy and petrochemical sectors.
The Chinese government has threatened retaliatory tariffs of 25% on US LNG imports as part of an escalating trade war between the two countries. European and Americas LNG experts Alex Thackrah and Ruth Liao discuss the possible implications of the tariff on short-term LNG trading and for the US LNG market, where a host of proposed export projects are jostling to get off the ground.
The Turkish government has aligned regulated consumer gas tariffs with the exchange rate, a move that could improve market conditions. Although welcomed by gas companies, the decision also raises some questions about its impact on electricity producers. In this podcast Aura Sabadus, editor of Turkish Energy Hub Daily and reporter Patrick Sykes discuss the implications.
Spain was in July 2018 on track to export three LNG reloads for the first time since August 2015, recalling its heyday of 2014, when the country briefly became Europe’s biggest LNG exporter. But with the arbitrage window between spot LNG prices in Asian and Europe narrows, will Spanish LNG reloads prove just to be a flash in the pan?
France’s gas market is set to merge on 1 November, creating the Trading Region France (TRF) and a single balancing PEG reference price. But how much of a premium to the benchmark TTF will the new PEG price have? And how much of the southern French TRS premium will be factored into the new PEG quotation? Market Reporter Patrick Sykes interviews lead French gas reporter Kelly Paul on this issue.
A majority of Mexico’s citizens recently elected a political outsider to the presidency. What will this mean for Mexico’s energy reform? ICIS Mexico Energy Report editor Claudia Espinosa interviews ICIS Americas senior energy analyst James Fowler on the topic.
The European Commission recently opened an investigation into alleged destination clauses in Qatar’s long-term LNG supply agreements with European importers. ICIS experts Patrick Sykes and Alex Thackrah discuss what the outcome of the case may be and what it means for LNG markets.
The expiry in 2016 of two Russian transit contracts along a key eastern European pipeline should have triggered the start of regional cross-border trading between Bulgaria, Romania and Ukraine. However an extensive ICIS investigation found that despite EU requirements to implement third party access at the expiry of legacy contracts, the infrastructure remains blocked amid alleged Gazprom pressure. In this week’s podcast Aura Sabadus and Tom Marzec-Manser reveal the results of the investigation.
LNG market players have been actively chartering in vessels for the upcoming winter, with prompt charter rates growing. ICIS LNG experts Ludovic Aldersley and Katya Kravtsova discuss the impact of the recent activity on the winter charter market.
While most of Europe has ramped up gas storage injections after the unusually cold winter, stock levels in the Netherlands are lagging behind. ICIS reporters Patrick Sykes and Alice Casagni discuss the price impact of low stocks on the TTF far curve.
Analysis of the Winter ’18 clean spark and dark spreads has indicated that coal plants are set to be in the money in the coming winter. ICIS experts Arun Toora and Patrick Sykes discuss how this and the wider fuels mix may affect European gas markets.
Poland has been vocal about Russian dominance in Europe as a gas supplier. But its own incumbent PGNiG’s market share is growing while independent importers are pushed out by punitive supply security laws. Should the Polish government fix problems in its own backyard first? ICIS experts Tom Marzec-Manser and Katya Zapletnyuk discuss prices and flows data highlighting realities of the Polish gas hub.
This week US President Donald Trump pulled out of the landmark nuclear agreement between Iran and world powers. ICIS experts Aura Sabadus and Patrick Sykes talk through the impact of the decision on oil and gas markets, and the consequences for investment in Iran’s energy sector.
Hydroelectric stocks across Europe are at historically low levels after an unusually cold winter led to sustained demand and high fuel prices. ICIS power experts Chris Somers and Herman Moestue discuss the impact of low reservoir levels on trading and look ahead to the potential price impact of an unseasonably warm spring.
Europe’s storage sites have entered the gas summer with historically low levels of gas in store, meaning market participants are having to inject into storage even when prices are disadvantageous. ICIS experts Patrick Sykes and Julie Fisher discuss what this means for hub pricing and injections this summer.
The Dutch government’s decision to close Europe’s largest gas field, Groningen, by 2030 will have repercussions accross gas markets. Falling domestic production will pressure exports and require huge investment to connect customers to new sources of supply. ICIS experts Alex Thackrah and Patrick Sykes discuss the latest developments and what to expect next.
Arctic sea ice has begun its seasonal melt, which will soon allow ice-class LNG vessels to head east from Russia’s Yamal project to end-user markets in northeast Asia. ICIS experts Ed Cox and Alex Thackrah discuss the impact this will have on LNG tonnage leaving Yamal, which has so far headed exclusively westwards.
British gas shippers are wrangling over proposals to amend a key component of transport charges. The changes could radically redefine users’ costs, affecting export routes and LNG send-out. ICIS experts Katya Zapletnyuk and Thomas Rogers discuss the changes and their potential implications.
The Nord Stream 2 pipeline project to double Russian gas export capacity to Europe has divided opinion across the continent. ICIS experts Emma Slawinski and Aura Sabadus talk through the latest developments, what to expect next, and how the project might impact southeast Europe’s gas markets in particular.
As the market takes stock after a cold snap drove European gas prices to record highs, traders are looking to adjust positions and avoid getting their fingers burned in future. ICIS NBP and TTF market reporters Alice Casagni and Chris Johnson share their observations on what is happening and what to expect next.
As freezing temperatures drive up European gas demand, storage levels are falling at an alarming rate. ICIS experts Julie Fisher and Tom Marzec-Manser discuss this trend, the outlook, and what it means for prices.
The Stockholm Court of Arbitration last December ordered Ukraine to resume purchases of Russian gas. ICIS experts Katya Zapletnyuk, Aura Sabadus and David Simon discuss the impact gas trade with Ukraine has on European hubs and wholesale gas prices, in particular in Hungary, Slovakia and Poland and possible implications after Russian exports restart.
ICIS European power market experts Laura Raus and Herman Moestue report back from the E-World conference in Essen, Germany, on a more optimistic feeling among electricity market participants. But one key driver of this – technological progress – could have wide-reaching consequences in some markets through the automation of energy trading.
On 1 February, the Netherlands’ energy production regulator, grid operator and government made a series of long-awaited announcements about the future of gas production from the Groningen field. ICIS experts Alex Thackrah and Tom Marzec-Manser discuss what this means for regional supply, demand and prices.
With Brent crude at multi-year highs, market participants are wondering how long its recent gains can last. ICIS crude oil expert Julien Mathonniere discusses his key price drivers to watch, from OPEC production cuts to US shale production and much more. Click here to read Julien's full insight piece.
On 8 January, the Netherlands’ Groningen region was hit by its largest earthquake since 2012, prompting fresh questions around production levels from Europe’s largest onshore field. Gas market experts Tom Marzec-Manser and Alex Thackrah discuss the implications of the earthquake on European gas prices and on future production from the asset.
The UK gas and electricity markets entered 2018 amid major events – some expected, some less so – that will influence supply security for the rest of this winter. And this came against the backdrop of the energy market’s low carbon transition, with 2018 a key year as the pursuit of 2020 EU targets continues apace. ICIS UK gas expert Thomas Rodgers and UK power expert Henry Evans look at how the market is gearing up to handle these stresses – both short- and long-term – in 2018.
The close correlation that normally characterises the relationship between European gas and power contracts disappeared in November, with the Dutch gas TTF Year+1 and German power Year+1 contracts showing no discernible correlation. ICIS energy experts Ellie Chambers, Alex Thackrah and Herman Moestue discuss how the French ARENH mechanism has prompted this disconnection and whether prices will reconnect in the months ahead.
Coming into the first half of winter, there are signs that the Czech and Hungarian markets could be more bearish in the first quarter than previously thought. In this podcast, ICIS experts Ellie Chambers and Jamie Stewart discuss the changes to the outlook and why drivers are more mixed for the second half of winter.
A decision by the Netherlands’ highest administrative court to reject plans to cut production at the Groningen gas field, but to retain the current cap on output is just one legal decision in recent weeks to impact Europe’s gas markets. In this podcast, ICIS experts Tom Marzec-Manser and Ben Samuel discuss how this case and other legal disputes, such as the upcoming verdict on the Gazprom-Naftogaz arbitration case, are changing the gas trade landscape around the continent.
Reform of the European carbon market was finally agreed early on the morning of Thursday 9 November. In this podcast, ICIS experts Will Peck and Jamie Stewart discuss the immediate outlook for emissions and electricity prices, and look further ahead at how high the carbon price will go, and where it might meet resistance.
On Thursday, Lithuania and Luxembourg agreed a statistical transfer of renewable energy in the first such deal seen in the EU. ICIS experts Matthew Jones and Ellie chambers discuss how statistical transfers work and the implications the deal may have for other countries struggling to reach their 2020 renewable targets.
French wholesale power prices dropped in week 42, with a ramp-up in nuclear availability imminent. ICIS experts Jamie Stewart and William Peck discuss trader sentiment now that the worst French nuclear issues may be over for the winter.
Governments across Europe are coming under increasing pressure to phase-out coal-fired capacity both to meet decarbonisation objectives and to reduce the impact of emissions on their citizens’ health. ICIS experts Jamie Stewart and Matthew Jones discuss coal phase-out plans in Europe, with particular focus on recent developments in the Netherlands, UK, France and Germany.
Energy grid operator National Grid released its winter outlook on Thursday, which outlined the potential risks to British power and gas supply and demand this winter. ICIS experts Jamie Stewart, Christopher Somers and Thomas Rodgers discuss the outlook for the coming months.
As the gas markets enter the winter period, storage sites are less full than in previous years. ICIS expert Julie Fisher talks to gas editor Tom Marzec-Manser about how this has come about, and how pricing is affecting shippers’ storage decisions in the early part of the gas winter.
As the energy markets enter the six-month winter period, France is grappling with nuclear power supply issues for the second year in a row. ICIS expert Herman Moestue and power editor Jamie Stewart discuss how the market sees the supply risks for the remaining quarter of this year, and the first quarter of the next.
The price difference between Years 2018 and 2019 on the forward curves of the Italian wholesale gas and power markets indicates that Year 2019 is underpriced in both commodities, participants have said.
ICIS expert Miriam Siers and Italian markets specialist Alice Casagni discuss the reasons behind the price spreads and the possible effect on far-curve trading activity.
On 25 September, the Kurdish Region of Iraq is expecting to hold a referendum for independence, although countries such as the US, Turkey and Iran are opposed to it, meaning there is uncertainty over whether it will go ahead. ICIS experts Alex Thackrah, Aura Sabadus and Julien Mathonniere discuss the current situation and potential ramifications for the oil and gas sectors.
Wholesale electricity curve contracts hit new highs across Europe this week amid bullish fuels and concerns over French nuclear supply. ICIS experts Ellie Chambers, Chris Somers and Herman Moestue discuss the reasons behind the bull run in this ICIS podcast.
Expectations of global oversupply for LNG this year have not come to fruition, with project delays and strong demand in Europe and Asia keeping the market balanced. ICIS LNG experts Ed Cox and Jack Elliott discuss what to expect in the coming winter.
Recent developments in the Spanish LNG market have reverberated across the wider energy sector. ICIS experts Thomas Rodgers and Rob Songer discuss the activity of Spanish buyers and their potential future implications.
French nuclear authority ASN’s decision to order utility EDF to audit all the nuclear components from manufacturer Areva is still causing power traders concern and building risk premium into Q4 ’17 and Q1’ 17 electricity contracts. In this podcast, ICIS experts Herman Moestue and Matthew Jones give us an update on the situation.
A change in price spreads between the Dutch TTF and US Henry Hub natural gas markets has increased the chance that US LNG will head to the Netherlands later this year. ICIS experts Jake Horslen and Ben Samuel discuss this possibility.
European front-year power contracts surged on Wednesday after French nuclear safety authority ASN ordered incumbent EDF to review all its nuclear reactors manufactured by Areva’s Creusot forge before a scheduled return to service. ICIS experts Ellie Chambers and Herman Moestue discuss the impact of the announcement.
Annual maintenance has pushed output from British domestic gas fields down in August. While not remarkable in itself, the lack of UKCS supply has made the impact of issues with Norwegian production and waning LNG deliveries more acute, lifting prices on the NBP gas hub. ICIS reporters Ellie Chambers and Thomas Rodgers discuss the ongoing and future implications of the maintenance.
Regulator CRE has announced measures to tackle congestion on the natural gas grid in France. ICIS experts Alex Thackrah and Ben Lee discuss how these changes could provide some short-term relief, but that upcoming infrastructure projects as part of a hub merger in 2018 will offer a more long-term solution.
ICIS energy experts Marcello Kolax and Ben Lee discuss what impact additional capacity auctions on the German OPAL pipeline will have on the region's natural gas hubs.
The NBP front-month natural gas contract jumped in price this week after Norwegian operator Gassco extended a supply outage until the end of summer. ICIS experts Ben Samuel and Ben Lee discuss how the curtailment might affect supply to Europe and whether the price move was justified.
Japanese LNG buyers are looking to remove destination clauses when renegotiating their long-term contracts. ICIS looks at what this new destination flexibility would mean for supply to Japan and elsewhere in the world.
The jet stream can be a key driver of wind power strength in Europe – and by extension wholesale electricity prices. ICIS looks at recent low wind generation and what expectations are for the rest of summer.
Hungarian power spot prices have been delivering above expectations in July which recently boosted the August forward contract to a five-year high. ICIS energy experts Alice Casagni and Irina Peltegova talk about the fundamentals behind the bullish momentum. Will the trend continue as the summer progresses?
The NBP front-month natural gas contract hit a 2017 price low in week 28. ICIS takes stock of where the market is at mid-summer and whether further downside is likely in the warmer months.
Coal prices – which had seemed to be in permanent decline – made a surprise bull run in 2016, and recently rose further to reach a 31-month high. ICIS experts William Peck and Ben Lee explain what drove the price increase, what it means for European power generators and what to expect for coal markets going forward.
The first US LNG cargo into the UK is due in early July. ICIS experts Ed Cox and Ben Lee talk about the significance of the event and whether more US arrivals can be expected into Europe.
Plans to merge Germany’s two natural gas hubs are gaining momentum, while the country is also adapting to an expected drop in low-calorific gas imports from the Netherlands and an increase in Russian throughput. ICIS experts Marcello Kolax and Jake Horslen discuss the outlook for the German gas market.
By the end of June, Spain will have received eight LNG cargoes from Nigeria – the highest number in a single month since at least 2012, according to ICIS shipping tool LNG Edge. Reporters Ben Lee and Rob Songer discuss what’s driving this increase.
This week Centrica Storage announced the permanent closure of the Rough natural gas storage site in Britain, which accounts for around 70% of the country’s reserve capacity. The market impact and likely effect on British supply in the coming years is discussed by market experts Ben Samuel and Thomas Rodgers.
The Italian economic development ministry is working to slash the price premium between Italian and Dutch natural gas contracts through a project called the liquidity corridor. ICIS experts Alice Casagni and Riccardo Patrian discuss what the project is about, the impact it would have on the Italian gas market and its timeline.
Natural gas prices at the British NBP market have plummeted following the start of maintenance on the Interconnector pipeline, which links Britain to mainland Europe. Market experts Thomas Rodgers and Jack Elliott discuss how the market has reacted and why the impact of the outage has been particularly acute this year.
The change in direction of two Qatari LNG vessels away from the Suez Canal this week pushed up British NBP prices. But with shipping sources downplaying the impact of the political action against Qatar on the LNG market, ICIS Global LNG Editor Ed Cox and Innovation Deputy Editor Ben Lee discuss the latest events.
Infrastructure operators BBL Company and GTS plan to merge the Dutch/British BBL pipeline with the TTF market area in the Netherlands. Ahead of the close of a consultation on 9 June, ICIS gas reporters Thomas Rodgers and Jake Horslen discuss the plan and the potential impacts on trading and capacity bookings.
The Stockholm Court of Arbitration has made a preliminary decision in the natural gas supply dispute between Ukrainian gas supplier Naftogaz and Russian producer Gazprom. ICIS gas market experts Katya Zapletnyuk and Jake Horslen discuss this court case, which will have major implications on Ukraine’s future role in the European gas sector.
Storage and production issues in Britain and Belgium and the launch of a new LNG terminal in France are changing gas market fundamentals in Belgium - a key transit market in northwest Europe.
ICIS energy reporter Alex Thackrah and European Gas Markets Deputy Editor Jake Horslen discuss the factors driving the recent change in flows through Belgium and the impact on liquidity at the Zeebrugge and ZTP hubs.
A new administration in South Korea could bring about changes in energy policy. ICIS experts Joachim Moxon and Ben Lee discuss the implications for LNG demand from the Asian nation.
The Romanian parliament has taken a step towards restricting natural gas trading to a single exchange, raising concerns among some stakeholders about competition and regional security of supply. ICIS gas experts Tom Marzec-Manser and Aura Sabadus discuss the implications of this potential change.
A premium held by the TRS gas contract for Q3 ’17 delivery over the PEG Nord equivalent has widened in recent sessions, with risk being piled onto longer-dated TRS products. ICIS experts Ben Lee and Alex Thackrah look at the factors driving the widening spread, and how this may evolve over the coming summer months.
A recent announcement paved the way for US LNG exports to China, with an agreement to pursue mutual interests in a range of sectors. ICIS experts Ben Lee and Ruth Liao look at the LNG relationships between China and the US and examine how the announcement could affect the industry in future.
There is a proposal to merge Germany's NCG and GASPOOL natural gas hubs into one. ICIS experts Marcello Kolax and Ben Lee discuss the reasoning behind the idea, the industry's reaction and the likely next steps.
As the end of the six-month-long OPEC and non-OPEC agreement to cut oil production approaches, market speculation on a possible extension to the deal is on the rise. ICIS crude oil experts Sophie Udubasceanu and Julien Mathonniere discuss the likelihood of an extension and the price impact so far.
Spot and near curve electricity prices in Hungary and Romania spiked in week 18 due to tight regional supply. Even though prices have started to correct downwards, sentiment remains bullish. ICIS energy experts Miriam Siers and Irina Peltegova discuss the drivers behind the market turbulence and the outlook for coming sessions.
Supply concerns heading into the higher summer demand period could raise energy prices in Turkey in the near future. ICIS energy experts Ben Lee and Aura Sabadus discuss the summer outlook for the region.
Storage sites across Europe were relatively empty heading into the 2017 gas summer, leading shippers to inject the largest volume of gas into storage sites in April since 2011.
ICIS energy experts Miriam Siers and Ben Samuel discuss the storage situation across Europe, and provide an outlook for storage injection demand in the coming months.
LNG deliveries to Europe have increased significantly in March and April, prompting a rise in send-out to the European network. ICIS experts Ben Lee, Ekaterina Kravtsova and Jake Horslen discuss the reasons behind the rise in LNG availability in Europe, and the current limited scope for reloads to other global markets.
Two of Europe’s largest electricity markets have, going into this summer, displayed a pricing dynamic that was until now extremely rare. Higher-demand periods in Germany and the UK have traditionally been priced above lower-demand ones, but the pattern has flipped recently. ICIS energy experts Laura Raus and Chris Somers discuss this emerging trend, and consider whether forward-curves may be priced too high as a result.
Plans for a 10% cut to the Groningen production cap to 21.6 billion cubic metres from October 2017 were announced by the Dutch economy minister on 18 April. ICIS experts Ben Lee and Jake Horslen discuss the latest development in the long-running saga, including the impact on TTF gas prices and the fundamental outlook.
The PSV gas hub overtook Germany’s GASPOOL as the fourth most liquid European hub in March 2017, with OTC volume at the Italian hub hitting a record high. ICIS energy experts Ben Lee and Alice Casagni discuss the reasons behind the boost in volume and whether the increase is likely to continue.
Russian giant Gazprom recently committed to a raft of changes to its supply contracts, which include increasing the use of hub-based pricing in long-term contracts. Click here to listen to the conversation between ESGM editor Tom Marzec-Manser and energy expert Miriam Siers, as they discuss the impact these changes could have on the European gas markets.
Q4 financial results released in the last month confirmed that for many utilities, gas has become the primary fuel for generating power. In this podcast, ICIS journalists Ben Lee and William Peck discuss fuel switching trends over the last few months and whether gas will still be dominant in the generation mix going forward.
LNG prices around the world have converged as the northern hemisphere winter comes to an end. ICIS LNG experts Ed Cox and Katya Kravtsova discuss the outlook for supply and demand over the next few months.
UK energy markets recently broke the 200-day moving average, while the key technical level acted as a support for contracts in the French and German power markets. ICIS journalists Ben Lee, Riccardo Patrian and Thomas Rodgers discuss the significance of the technical indicator and what it could mean for prices going forward.
High French nuclear power availability may imply further downside for April power prices. ICIS looks at why traders expect availability to be revised downwards, and whether they in fact are wrong to do so.
The Netherlands is due to hold presidential elections on 15 March and the new government will most likely reform the Dutch electricity sector as some decisions are currently halted until after the election. ICIS experts Jamie Stewart and Matthew Jones discuss the potential outcome and market impact.
Britain’s largest natural gas storage site, Rough, could now be offline until April 2018 after operator Centrica Storage said it would not look to offer any capacity. ICIS experts Ben Lee and Thomas Rodgers discuss the long-term prospects for Rough and what this could mean for gas prices.
Output cuts from oil producers have been swift following a deal last November to reduce production by 1.2m barrels per day, but have crude prices seen the boost that was expected? Crude oil experts Sophie Udubasceanu and Julien Mathonniere discuss the outlook for the global oil market, alongside comments from London’s major oil event IP Week, which took place last week.
The Day-ahead and front-month natural gas contracts at Germany’s GASPOOL hub have held an unusual discount to the Dutch TTF this winter, but the spread has been pared back in recent weeks. ICIS experts Ben Lee and Jake Horslen discuss the reasons behind this winter’s GASPOOL discount and why the spread has been falling in February.
A number of nuclear power units in central and southeast Europe are due back online in the next few weeks after planned maintenance. ICIS experts Irina Peltegova and Ellie Chambers discuss how the extra supply is likely to pressure wholesale electricity prices in the region, after a bullish start to the year.
British natural gas shippers will be unable to inject into Rough until June due to operational problems at the ageing storage site. ICIS experts Thomas Rodgers and Ben Lee discuss the implications of the latest outage at Rough on the NBP and the wider European gas markets.
As the focus turns to April and May in the spot LNG market, prices have dropped in Asia as seasonal demand falls. New supply is expected soon but buying interest from East Asia and the Middle East provide a price floor, as ICIS experts Ed Cox and Xieli Lee discuss.
A potential split of the joint Austrian-German power pricing zone was a hot topic at the E-world conference. ICIS experts Jamie Stewart and Jon Stibbs look at why this change might occur and what the process might be.
A lack of LNG into Europe has been one factor in spiking wholesale energy prices on the continent over winter 2016/17. ICIS experts Ben Lee, Thomas Rodgers and Ed Cox discuss why few cargoes have arrived into Europe and whether this is likely to change in coming months.
News emerged of a fourth floating storage regasification unit to arrive in Pakistan in as many years. ICIS looks at how growing import infrastructure in Pakistan could soak up some of the oversupply in the global market.
German power prices soared to a multi-year high in week 4. ICIS experts Miriam Siers and Jon Stibbs discuss why prices jumped and what can be expected over coming weeks.
The Hungarian over-the-counter electricity market experienced a surge in liquidity recently, recording the highest ever monthly traded volumes in November and overtaking the Netherlands as the fourth most liquid power market in Europe. ICIS experts Jamie Stewart and Ellie Chambers discuss the reasons for the upsurge and the outlook for Hungarian liquidity.
Spanish and French natural gas prices soared to overtake those in Asia earlier in January but have since unwound some gains. ICIS journalists Ben Lee and Robert Songer discuss how supply concerns have eased with LNG cargoes now destined for southern Europe.
Prompt prices on European power markets have soared on extremely cold weather and inflated demand this week. ICIS journalists Herman Moestue and Irina Peltegova discuss the spikes that have been seen and how long they are expected to last.
Price volatility on electricity markets in Europe initially encouraged trade in autumn 2016 before extreme moves caused some market participants to suspend activities. ICIS journalists William Peck and Ben Lee discuss why a tick up in liquidity could be on the cards in 2017.
Natural gas prices in the south of France have soared due to low LNG sendout. ICIS looks at the LNG situation in the country, including the start of commercial operations at the new Dunkirk terminal.
Natural gas and power prices in Turkey have soared to near record highs in mid-December due to cold weather and supply shortages. ICIS experts Aura Sabadus and Ben Lee discuss the causes and the risks going forward.
State-owned producer Qatar Petroleum recently announced that RasGas and Qatargas would be integrated into a single entity, named Qatargas, forming the largest LNG exporter in the world.
ICIS experts Ed Cox and Josie Shillito discuss the implications of the merge for the global LNG market.
Wholesale electricity and natural gas prices in Europe have soared this autumn due to nuclear outages in France, but have since come back down with expectations of returning supply. ICIS experts Ben Lee and Joachim Moxon discuss why this volatility has occurred and what the market should expect next.
Less gas has recently flown from the Netherlands to the UK via the BBL pipeline. ICIS experts Ben Lee, Jake Horslen and Thomas Rodgers discuss why the flows have dropped and what to expect looking ahead.
The European Commission on Thursday announced rules which will determine how traders can remain outside of the markets in financial instruments directive (MiFID II). ICIS experts Ben Lee and Fionn O'Raghallaigh discuss how the rules work and what this means for companies.
The hedging ratios of German power utilities increased year on year in the third quarter of 2016. ICIS Energy experts Ben Lee and William Peck discuss the reasons behind this trend and the outlook for the rest of the winter.
In a bid to tackle global crude oversupply, OPEC members will meet in Vienna on 30 November to finalise the details of the Algiers accord under which oil producing countries will cut production. ICIS experts Sophie Udubasceanu and Franco Capaldo discuss the need behind the deal and what the outcome is likely going to achieve.
UK power market movements suggest that participants may have begun pricing in an adjustment to the country's carbon price support mechanism in a government budget statement due on Wednesday. ICIS experts Ben Lee and Christopher Somers discuss how likely it is that any change is made to this tax on polluting power generators.
Global coal prices soared to an all-time high this autumn with consequences for coal-fired power generators. ICIS experts Ben Lee and Aura Sabadus discuss the implications for coal-fired power generation in Turkey, where coal accounts for a large chunk of the country’s electricity mix.
ICIS energy regulatory experts Miriam Siers and Jack Elliott discuss the latest developments in EU gas balancing regulations, how compliance has impacted some markets and whether the EU needs to take a tougher stance on enforcement action going forward.
The European Commission’s decision to grant additional access for Gazprom to the OPAL pipeline has interesting ramifications for European gas markets. Listen to ICIS gas experts Katya Zapletnyuk and Jake Horslen talk about what might happen.
ICIS revisits the topic of record high French power prices due to nuclear outages. Ben Lee and Joachim Moxon discuss how the situation around the outages has developed and the outlook for coming months.
Liquidity at natural gas hubs across Europe rose in the gas year ending 30 September 2016. ICIS’s Miriam Siers and Ben Samuel look at the reasons behind this and whether it can continue.
Gas-fired power generation in western Europe has been given a boost this autumn due to nuclear outages in France. ICIS experts Ben Lee, Jon Stibbs and Matthew Jones look at the effect on neighbouring countries and the outlook for gas-fired units this winter and beyond.
The price premium of natural gas in the south of France compared to the north of the country has been volatile in recent weeks. ICIS looks at why the TRS to PEG Nord premium on the Day-ahead contract has fallen from more than €5/MWh in early September to near parity in mid-October and how the spread is likely to evolve this winter.
Up to 5GW of thermal capacity could return to the UK wholesale market by the start of winter 2017. ICIS experts Ben Lee and Henry Evans discuss this development and its likely effect on the UK electricity market.
At a recent conference in Singapore, attendees reported that buyers in the Asian LNG market are increasingly looking at doing deals based on prices at the British NBP gas hub. ICIS LNG experts Ed Cox and Xieli Lee discuss the growing trend.
Price volatility at the Dutch TTF natural gas hub has begun to catch up with the British NBP this autumn. ICIS gas market experts Ben Lee and Jake Horslen discuss the reasons for this and what can be expected this winter.
ICIS gas and power experts Tom Marzec-Manser and Jamie Stewart talk with Ben Lee about how gas and power prices reacted in the first week of the gas winter, what the drivers are and what we can expect from the rest of the season.
Reform of the Spanish natural gas market will take effect at the start of October, with new balancing rules kicking in and the hub changing name from AOC to PVB. ICIS gas market experts Ben Lee and Rob Songer discuss what the changes involve and the implications for liquidity.
Demand for floating storage regasification units (FSRUs) is rising, despite a climate of low gas prices and relatively low demand. ICIS experts Ed Cox and Josie Shillito discuss the growing demand for this relatively new technology.
French utility EDF revised down expected nuclear production this winter and power prices in France increased as a result. ICIS specialists Ben Lee and Joachim Moxon discuss the outlook for French power prices this winter in the context of the supply situation.
A system squeeze that triggered record prices on the over-the-counter UK power market is the subject of this week’s ICIS energy news highlights. ICIS experts Jamie Stewart and Chris Somers discuss a week that saw the most expensive baseload deal ever on UK power.
Recent developments in the Romanian gas market are the focus of this week’s ICIS energy news highlights. ICIS reporter Aura Sabadus explains to gas editor Tom Marzec-Manser the significance of recent reforms.
Gas-fired power generation has come into money in September providing a relief to operators that have been struggling with poor profit margins due to low power prices and higher gas prices relative to coal. ICIS's experts Jamie Stewart and Matthew Jones discuss what is behind the trend and weather gas's profitability is likely to be long-lived.
Maintenance on natural gas supply infrastructure hit mainland Europe in week 35 causing next-day delivery gas in Belgium to soar to a 13-year high premium to NBP prices. ICIS experts Ben Lee, Alex Thackrah and Thomas Rodgers discuss why this happened and how long it will likely last.
On Monday, Britain’s Centrica Storage announced that withdrawal capacity will be partially restored at the Rough gas storage facility this winter. This means shippers will be able to withdraw more gas from the facility this winter than previously expected. Innovation editor Silvia Molteni discusses the implications of the announcement and its impact on EU gas prices with gas expert Ben Samuel. The podcast can be found here.
The consortium backing the Nord Stream 2 natural gas pipeline this week withdrew an application for joint control of the project, following objections from the Polish Office of Competition and Consumer Protection. Tom Marzec-Manser, editor of European Spot Gas Markets, discusses the implication of this for the development of the project and its alternatives.
Despite annual maintenance at the Nord Stream pipeline that delivers Russian gas to Germany, short-term delivery contracts on the German gas hubs continue to fall. ICIS experts Ben Samuel and Marcello Kolax discuss the possibility of a bounce as the market moves into oversold territory.
Certain longer-dated contracts for delivery out to 2020 at the NBP natural gas hub recently became cheaper than nearer-dated peers. ICIS experts Ben Lee and Thomas Rodgers discuss the role played by LNG.
A key shipping route, the Panama Canal, has expanded to provide LNG vessels with a shorter route between the Pacific and Atlantic oceans. ICIS energy experts Ben Lee and Ruth Liao discuss whether this route is likely to be used given the recent changes in LNG trade.
Power grid imbalance charges in Italy changed from 1 August to close a legal loophole that let producers exploit high balancing payouts. ICIS power experts Irina Peltegova and Riccardo Patrian discuss.
The future of the UK’s 3.2GW Hinkley Point nuclear power project looks uncertain as the government decided to delay construction approval. UK power reporters Ben Lee and Henry Evans discuss the potential impact of the decision and the controversy surrounding the project. Click this link to listen.
Volumes on the TTF curve have grown again during the second quarter of 2016, keeping the hub at the centre of European gas trade. Jake Horslen, an ICIS TTF expert, discusses the reasons behind the rise with Ben Samuel.
This week European energy markets have been reacting to news of an extended outage to the Rough storage facility in the UK, announced one week ago. Natural gas experts Ben Samuel and Thomas Rodgers discuss the news and its impact on prices, as well as what can be expected going into winter.
The potential impact of Brexit on the UK natural gas and electricity markets is the subject of this podcast with market reporters Tom Rodgers and Henry Evans.
Eastern Europe has been taking LNG deliveries while reloads have been prevalent in western Europe. ICIS natural gas and LNG experts Ed Cox and Tom Marzec-Manser discuss the reasons for this and whether it can continue.
A second US LNG cargo will be delivered to Europe later in July by Anglo Dutch Shell. ICIS LNG experts Ed Cox and Josie Shillito discuss the outlook for US exports and Shell’s role within the LNG market in this weekly ICIS podcast.
Green certificates to support the growth of renewable energy in Europe have been plagued by oversupply and disparate schemes across Europe. ICIS energy experts Ben Lee and Sophie Udubasceanu discuss the state of play in this ICIS podcast.
Flows restarted on the Britain-Belgium Interconnector gas pipeline this week after maintenance, although unexpected news of a gas storage outage has altered the fundamental supply and demand outlook for the two countries into the winter. ICIS experts Ben Lee and Alex Thackrah discuss.
The Dutch government on Friday announced that annual Groningen natural gas production will be restricted to 24 billion cubic metres for the next five years. Gas market experts Ben Samuel and Jake Horslen discuss the implications of the decision.
Energy markets have been volatile this week because of the UK’s EU referendum as well as fundamental supply factors at the Rough natural gas storage site and Groningen production field. ICIS experts Ben Lee and Thomas Rodgers discuss the implications of the Brexit vote and what price drivers we can expect in the near term.
Utilities can buy or sell power ahead for future delivery periods to minimise risk. ICIS staff Ben Lee and Matthew Jones look at power hedging rates at major European utilities in Q1 and what can be expected going forward
Poland has received its first commercial LNG cargo at the recently commissioned Swinoujscie terminal on the Baltic Sea. ICIS energy deputy news editor Miriam Siers discusses this week’s developments in Polish LNG, gas and electricity markets with experts Josie Shillito, Tom Marzec-Manser and Sophie Udubasceanu.
Prices across the oil, gas and power markets have recorded monthly highs in recent weeks following a bearish start to 2016. Supply concerns have largely underpinned the strength in both the oil and gas markets and both commodities have had some influence in wholesale electricity markets in Europe. Ben Lee discusses these events and the short-term future of the markets with ICIS energy specialists Kawai Wong, Tom Marzec-Manser and Jamie Stewart.
In the final podcast in this four-part series, ICIS looks at how wind power has expanded in Europe, what issues have been encountered and what can be expected going forward. ICIS experts Ben Lee and Laura Raus discuss the current state of wind generation in Europe with guests.
European gas markets have been impacted by substantial maintenance on Norwegian offshore infrastructures since the end of May. Deputy editor of European Spot Gas Markets, Ben Samuel, talks to market reporter and Norwegian expert Julie Fisher about how prices reacted and what other factors came into play.
Central east European power markets could be shaping up for a tight summer due to problems in the Czech nuclear fleet and no monthly import capacity offered from Austria and Germany to Hungarian and Czech grids. Some limited daily capacity is available to offset this. ICIS reporters Irina Peltegova and Ellie Chambers discuss the market outlook.
French LNG terminals and nuclear facilities have been impacted by industrial strikes around the country this week. ICIS Energy deputy news editor Miriam Siers talks to LNG expert Josie Shillito and power reporter Joachim Moxon about how the strikes have impacted energy markets this week.
In the third of a four-part series, ICIS looks at the future of coal-fired generation in Europe amid a push for a greener electricity mix. ICIS eastern European energy markets specialist Sophie Udubasceanu and guests talk about the region and why coal is likely to feature for a while yet.
The European Parliament this week agreed to extend energy traders' exemption to the capital requirement regulation (CRR), until 2020. Under CRR speculative traders are required to set aside a proportion of their own capital in order to continue participating in the market. ICIS reporters Ben Lee and Claire Wilson discuss.
In the second of a four-part series, ICIS looks at gas-fired generation in Europe – particularly the UK – and what changes to expect in coming years. Other podcasts in this series will focus on different generation types on the continent.
On the launch of ICIS’ new US LNG FOB price and US shipping data, LNG editors Ed Cox and Ruth Liao discuss the outlook for US LNG exports and the role of Europe as a market of last resort.
In the first of a new four-part series, ICIS looks at the state of nuclear generation in European countries and what changes can be expected over coming years. Other podcasts in this series will focus on different generation types on the continent.
Maintenance and a revised tariff are set to alter flows through a key bi-directional natural gas pipeline linking Britain and mainland Europe in June and this coming winter. ICIS staff Ben Lee and Thomas Rodgers discuss.
Unusual price spreads have emerged between some of Europe’s key gas hubs. European Spot Gas Markets editor Tom Marzec-Manser discusses the German NCG’s discount to the Dutch TTF with ICIS reporter Douglas Grant, while reporter Rob Songer talks about the Spanish AOC’s discount to the French market. Listen to the podcast here.
The European Parliament approved a one-year delay to the second markets in financial instruments directive (MiFID II) this week. Listen to the conversation between ICIS reporters Ben Lee and Claire Wilson as they discuss the regulation and the impact of the delay.
Energy prices across Europe shot up this week, supported by a stronger energy complex. Deputy news editor Miriam Siers talks to gas, LNG and electricity experts Tom Rodgers, Josie Shillito and Joachim Moxon about this week's market drivers and what is expected in the week ahead.
The French government will introduce a carbon price floor for the power sector amid low EU emissions allowance prices. ICIS energy experts Yann Andreassen and Joachim Moxon discuss the implications of the initiative with Ben Lee.
ICIS broke the news in the past week that Europe would receive its first LNG cargo from the US gulf coast when the Creole Spirit berths at Portugal’s Sines terminal. LNG editors Josie Shilito and Ed Cox discuss the significance of this landmark for the European gas market and the role of LNG going forward in the latest ICIS Energy podcast. Listen to it here.
Falling production of low-calorific gas at the Dutch Groningen field has led to a surge in demand for conversion services in both the Netherlands and Germany. ESGM deputy editor Ben Samuel talks to ICIS reporters Jake Horslen and Doug Grant about the impact this is having on wholesale markets and how regulation is adapting.
The European Commission recently launched its preliminary findings on capacity mechanisms in the EU, which concluded that member states did not sufficiently analyse the need for capacity payments in their country before introducing them. This resulted in distorted electricity market prices. Listen to the conversation between ICIS reporters Ben Lee and Claire Wilson as they discuss the findings and long-term outlook for the European power markets.
The European Commission recently launched its preliminary findings on capacity mechanisms in the EU, which concluded that member states did not sufficiently analyse the need for capacity payments in their country before introducing them. This resulted in distorted electricity market prices. Listen to the conversation between ICIS reporters Ben Lee and Claire Wilson discuss the findings and long-term outlook for the European power markets.
Energy market participants face additional trade reporting requirements as of last week, when the second phase of the regulation for wholesale energy market integrity and transparency (REMIT) came in. Regulation experts Silvia Molteni, Ben Lee and Marcello Kolax discuss the issue.
Two announcements made this week, concerning the Norwegian Troll field and Britain’s Rough storage site, are likely to improve future European natural gas supply. ICIS gas specialists Ben Lee, Julie Fisher and Ben Samuel discuss the impact this may have on wholesale gas prices.
Renegotiations between a number of European energy companies and Gazprom for long-term gas contracts are on the agenda in this week’s ICIS energy highlights. Listen to the conversation between ICIS journalists Marcello Kolax, Matilde Mereghetti and news deputy editor Miriam Siers here.
With global LNG supply expected to remain long for the coming years, reloads offer buyers one way of balancing their own positions. Global LNG editor Ed Cox talks to deputy editor Josie Shillito on the entry of Japan to the reload business and addresses key changes in the east Asian market.
Following a mild winter, natural gas stocks in Europe remain exceptionally high even as the gas winter draws to a close at the end of March. ICIS storage expert Julie Fisher talks to Thomas Rodgers about what effect this will have on summer prices and how it could change the way storage facilities are used in the future.
Reporters Laura Raus, Irina Peltegova and Ellie Chambers discuss highlights of the Energy Risk Balkans conference which took place in Sofia, including the Romanian parliament’s plans to lift a ban on bilateral power trading outside of the exchange OPCOM and the future of Bulgaria in the regional electricity market coupling.
LNG trades that result in cargoes being delivered to Europe will need to be reported under EU energy transparency legislation from early April. Despite the impending deadline, ICIS LNG experts Ed Cox and Josie Shillito discuss the many unresolved questions on the specifics of the reports that need to be filed.
Trade is starting to grow at Spain’s natural gas hub since the turn of the year as new rules mean shippers face harsher financial punishment for being out of balance. Market reporters Christopher Rene and Robert Songer discuss January’s introduction of new imbalance penalties and why liquidity could grow further later in the year.
Earlier this week the PRISMA platform auctioned natural gas border capacity on a range of European entry points up to Gas Year 2034, with six sales going beyond the first round. Gas editor Tomas Marzec-Manser and deputy editor Ben Samuel discuss which auctions were most successful and what is their potential outcome on European gas markets.
Announcements of UK coal plants coming offline this year have squeezed capacity margins for the upcoming winter. ICIS energy reporters Christopher Rene and Henry Evans discuss what this means for the UK wholesale market and how demand might outstrip supply next winter.
A leaked document has revealed the latest European Commission plans for gas tariff rules across the EU. ICIS experts Ben Lee and Miriam Siers look to what could happen next.
As the first cargo leaves US LNG terminal Sabine Pass, LNG Editor Ed Cox and News Editor Fionn O'Raghallaigh discuss the potential impact for the European gas markets in this ICIS Energy Podcast.
The European Commission has just outlined its new regulation for security of gas supply. Managing editor Isabel Save and ICIS gas expert Miriam Siers discuss the commission’s plans to encourage new market participants in order overcome reliance on Russia’s state-owned Gazprom in eastern Europe.
Stranded assets within the European energy industry is the subject of this podcast with ICIS EU regulation experts Miriam Siers and Claire Wilson.
The European Commission this week officially proposed a delay to the start of updated Markets in Financial Instruments Directive (MiFID II) financial regulations, which are likely to impact the energy commodity sector. ICIS staff Ben Lee and Fionn O’Raghallaigh discuss the implications and next steps before MiFID II becomes active.
The share of gas supply contracts that are indexed to crude oil is decreasing in Europe. Yet, ICIS data shows the correlation between crude oil and gas prices continues to stay high – and has, in fact, increased since 2013. ICIS gas experts Emma Slawinski and Jake Horslen discuss why oil still makes a difference and how much it will in the future.
LNG reloads from northwest European terminals have increased recently, with demand for spot volumes coming from the Middle East. Managing editor Isabel Save talks to LNG specialist Ranjana MK and European gas reporter Jake Horslen to find out why this is happening and what impact it could have on global gas markets.
This week BG Group shareholders voted overwhelmingly in favour of a takeover by Anglo Dutch Shell. Isabel Save talks to Ed Cox about what this might mean for the two companies and the LNG market.
Gas-fired electricity generation in the UK is looking increasingly more profitable than using coal. In Germany, coal-fuelled power still comes out on top financially most of the time but the gap between the two fuels is narrowing. Deputy news editor Miriam Siers discusses with ICIS energy specialists Ben Lee and Doug Grant.
Last week's energy market highlights included spikes in continental European power spot prices and discussions around the Nord Stream 2 gas pipeline. Reporter Ben Lee talks to gas expert Tom Marzec-Manser and electricity reporter Joachim Moxon in the latest weekly podcast.
Turkish electricity prices have been low in 2016 so far, but tension remains over potential gas supply disruption. Aura Sabadus and Kirsty Ayakwah, ICIS specialists watching Turkish energy markets, discuss.
The first LNG cargo from Sabine Pass in the US that was scheduled for January has been delayed until February or March, according to US producer Cheniere. With gas fundamentals relatively weak, the impact of the news on the market is limited. ICIS LNG and gas specialists Ed Cox and Tom Marzec-Manser discuss the events and the market reaction with Miriam Siers.
New LNG volumes will be coming to the LNG market from the US and Australia in 2016. Global LNG editor Edward Cox and deputy editor Josie Shillito look at how these new volumes will shape the global LNG outlook for the 12 months ahead.
Wholesale gas prices at key European markets began the year going up. However, the fundamental outlook for 2016 on both gas and power markets remains weak. ICIS power specialist Jamie Stewart discusses the year ahead with gas colleague Ben Samuel.
Emissions allowance prices on both sides of the Atlantic have been rising in 2015. ICIS carbon journalists Ben Lee and Dan McGraw discuss why this happened and what drivers to expect going forward.
The long-overdue launch of Spanish gas exchange MIBGAS, and the creation of multiple ‘NEMOs’ responsible for electricity market coupling, are the subjects of this week’s ICIS energy podcast featuring news editor Fionn O’ Raghallaigh and reporters Joachim Moxon and Rob Songer.
Nations arrived at a landmark global climate deal in Paris in mid-December. ICIS journalist Ben Lee talks to Yann Andreassen from ICIS analysts Tschach Solutions about what the Paris agreement means for carbon markets.
After a period of support in the wholesale energy market, prices have reverted to the downward trend that has come to dominate 2015. Managing editor Isabel Save talks to reporters Thomas Rodgers and Laura Raus about why the bears have returned and how prices could look in 2016.
Iran reduced gas flows to Turkey on Tuesday while Russia is feared to cut its flows to Turkey after downing of a fighter yet deteriorated relations between the two countries. Turkish Energy Hub Daily editor Aura Sabadus and European Gas Markets reporter Elizabeth Stonor discuss how exposed Turkey is to a gas crisis this winter in light of these developments.
The electricity market needs to adapt to the mass onset of renewable energy with variable output. ICIS electricity expert Jamie Stewart reports from November’s EMART Energy conference in Barcelona on how this can be achieved.
Plans to decommission a number of power plants in Belgium and Poland have been put on hold this week. News editor Fionn O'Raghallaigh speaks to market experts Joachim Moxon and Karolina Zagrodna about what impact these developments will have on prices. Listen here.
European Gas Markets Deputy Editor Emma Slawinski interviews British and Noridc gas market reporter Thomas Rodgers about what the decline in the oil price means for North Sea gas production.
ICIS gas reporters Julie Fischer and Marcello Kolax discuss the price drop on calendar contracts on the German NCG natural gas market and the potential knock-on effect on supply in the first quarter of 2016.
A one-year delay to the implementation of MiFID II moved closer this week as MEPs softened their stance on the issue. ICIS editors Tom Marzec-Manser and Fionn O’Raghallaigh discuss the potential benefits of a delay to traders.
European utility hedging rates trended down year on year in Q3, while fossil fuel-fired generation picked up. ICIS carbon and power specialists Ben Lee, Silvia Molteni and Saloni Sardana discuss the reasons for this and outlook going forward.
Prices in the Regional Greenhouse Gas Initiative (RGGI), an emissions trading system applicable to northeast states in the USA, have been rising lately. ICIS carbon reporters Ben Lee and McGraw discuss here.
This week, the UK government announced plans to phase out coal-fired power generation while in the Netherlands gas production from the country’s biggest field Groningen was temporarily reduced. Ben Lee talks to Henry Evans and Jake Horslen about the impact of these announcements.
German gas and power markets have been bearish this week in spite of cuts to gas supplies to the country and an increase in the winter power reserve. Editor Isabel Save speaks to German market experts Julie Fisher and Laura Raus about why this has happened.
ICIS LNG experts Ed Cox, Ranjana Kaushal and Ruth Liao speak about US interest in delivering LNG to the European market and whether there is sufficient demand in Europe for these deliveries.
The south eastern Europe and Turkish electricity markets are undergoing a major period of transformation as a number of new and upcoming power exchanges are launched in the region. ICIS energy reporters Sophie Udubasceanu, Aura Sabadus and Irina Peltegova discuss the impact this is having on the development of the over-the-counter markets.
The National Grid issued its first system warning since 2012 on Wednesday. ICIS managing editor Isabel Save speaks to European Daily Electricity Markets editor Jamie Stewart about its impact on the UK power market, while European Spot Gas Markets deputy editor Ben Samuel discusses how it affected the British gas market.
ICIS reporters Ben Samuel, Miriam Siers and Claire Wilson discuss changes to capacity booking mechanisms in European gas and power markets and how this will affect energy traders.
UN-held climate talks, known as COP21, in Paris in December could lead to a global emissions reduction deal for the period after 2020. This could have a major impact on carbon markets. Lead carbon reporter Ben Lee discusses the implications of the talks with senior analyst Yann Andreassen from ICIS analytics division Tschach Solutions based in Germany.
European coal and gas prices hit new lows in week 43 while carbon prices reached their highest level in three years. ICIS Energy lead carbon reporter Ben Lee discusses these price movements with coal reporter Stacy Irish, gas reporter Thomas Rodgers and EDCM editor Silvia Molteni.
In today’s podcast ICIS journalists discuss the gas market liberalisation reform in Ukraine that came into effect from 1 October. The new rules are still far from being fully implemented. Ukrainian experts Elizabeth Stonor, Ekaterina Kravtsova and Marcello Kolax discuss the implications of the reform for the gas market.
Italy’s electricity transmission system operator Terna hopes to introduce a capacity market in 2016, where it will auction options products annually. This means payments will be linked to available capacity of plants rather than their electricity output. Its 2016 deadline will have to depend on EU state aid approval. ICIS Italian market reporters Riccardo Patrian and Matilde Mereghetti examine the issue in more depth.
Week 42 brought more certainty about Russian winter gas flows to Europe, but concerns have emerged about the privatisation of Turkish power generation assets. ICIS Energy lead carbon reporter Ben Lee discusses these developments with European Spot Gas Markets editor Tom Marzec-Manser and Turkish Energy Hub Daily editor Aura Sabadus.
A recent Dutch parliament vote promoting a new cut to natural gas production at the Groningen cluster impacted trading on gas and power markets across Europe last week. ICIS deputy news editor Miriam Siers talks to deputy gas editor Ben Samuel about the vote’s consequences for the benchmark Dutch TTF market. LNG expert Ludovic Aldersley discusses recent updates on the Baltic LNG market.
ICIS Spot Gas Market’s editor Tom Marzec-Manser interviews electricity market reporter Joachim Moxon on the impact of Belgium nuclear outages and Ekaterina Kravtsova on a new winter gas package between Russian Gazprom and Ukraine’s Naftogaz.
ICIS Energy’s lead carbon reporter Ben Lee interviews news editor Fionn O’Raghallaigh on impending changes to financial regulations under MiFID II and how they are likely to affect energy companies.
ICIS Energy deputy news editor Miriam Siers and ICIS's LNG reports deputy editor Ludovic Aldersley discuss the emergence of Australia as a key LNG exporter and its impact on the global market.
ICIS Energy’s news editor Fionn O’Raghallaigh talks to UK gas reporter Albert Evans about the forthcoming change to the UK gas day. Electricity market reporter Joachim Moxon discusses the release this week of ACER’s non-binding opinion on capacity allocation at the Austria-Germany border.
ICIS Energy’s deputy news editor Miriam Siers interviews European Gas Markets deputy editor Emma Slawinski and electricity market reporter Joachim Moxon on changes that are being made in France and Belgium to comply with changing energy laws.
US president Barack Obama this summer announced the Clean Power Plan to tackle emissions from the power sector in the country. ICIS carbon reporters Ben Lee and Dan McGraw discuss what the plan is and what it means for US carbon markets.
ICIS energy deputy news editor Miriam Siers, gas expert Julie Fisher and deputy editor of the Global LNG markets report Ludovic Aldersley discuss the recent Gazprom gas tender, which failed to attract expected interest from market participants, and the implication of the price of Russian gas for LNG in Europe.
ICIS Greek energy market experts Sophie Udubasceanu and Kirsty Ayakwah discuss the latest developments in Greek energy in light of the ongoing economic crisis and the prospects for the sector following a snap election set for 20 September.
European Spot Gas Markets deputy editor Ben Samuel and UK power expert Henry Evans discuss short- and long-term supply-side shocks that hit the British gas and power markets this week and ask: are the physical markets as relaxed as wholesale price movements suggest?
On Monday 24 August the Chinese stock market suffered its biggest session on session crash since 2007, which had a knock-on effect on some of the European energy markets. Ben Lee talks to coal reporter Stacy Irish, German power reporter Saloni Sardana and British gas reporter Albert Evans about the impact of the crash on their markets.
Aura Sabadus, editor of the Turkish Energy Hub Daily and Matt Tudball, senior editor Turkey & Africa Polymers discuss the impact of the record depreciation of the Turkish lira and regional instability on the energy and petrochemical markets.
Changes in energy supply across Europe turned what is usually a quiet summer period into a busy week. The Nord Stream gas pipeline came back online, Switzerland went nuclear-free due to outages and LNG demand in East Asia continues to fall on the back of changes in domestic energy mix.
Three well-established LNG ship owners announced this week that they have teamed up to create a carrier pool. The 14 vessels will be listed as one commercial entity from September, the first time such an arrangement has been made in the LNG spot market. Global LNG Markets editor Ed Cox discusses the news with his deputy, Ludovic Aldersley in this podcast.
Britain’s renewable energy industry is bracing for a series of cuts to subsidies and tax breaks. Reporters Abigail Beall and Albert Evans explore the rationale behind the cuts and ask what the shift in the political environment means for the future of the sector. Audio courtesy of Parliament.tv, Department of Energy and Climate Change and ICIS recordings.
A heatwave across Europe has had an uneven effect on energy markets this week. As Polish power prices spiked, Italian gas contracts narrowed their premium to hubs further north. Sophie Udubasceanu, Tom Marzec-Manser and Karolina Zagrodna discuss recent price movements on these markets and the outlook for the coming week.