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.
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.
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.