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.
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.