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.
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.