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?
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.
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.
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.