2016 – for LNG it was the year that wasn’t

The long-awaited surge of new global LNG production has not led to the widely-expected and sustained oversupply in the market, at least so far in 2016. The expected end of European reloads as a result of more production starting up in both Atlantic and Pacific basins has also not come to pass. ICIS spot prices […]

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Ballast bonuses sink shipping activity

The cancellation of two planned LNG vessel charters in Europe this week shows that it’s becoming harder and harder to get hold of an LNG carrier at the right price in the Atlantic Basin. Danish energy company DONG and Swiss trader Glencore were both in discussions with ship owners about chartering vessels for reloads in […]

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LNG in the Med and topsy-turvy price trends

Observers of the French and Spanish gas markets over the last few months cannot have failed to note a mounting challenge to the traditional price structure in the region. LNG – both in terms of quantity and price – has played an important role in the recent shift. While historically Spanish AOC hub prices have […]

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Part economics, part politics – the role of LNG in Europe

The flood of LNG into Europe, expected by many commentators, has yet to appear. But deliveries are likely to be higher this year than in 2015, and if demand fails to rise in east Asia in the mid-term, Europe could see a big jump in deliveries later in the decade. Perhaps more relevant for now […]

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Panama Canal expansion trials in June but what about LNG?

A vessel will trial the newly-expanded Panama Canal from 27 June as part of the project which will cut journey time and distance for new US LNG producers selling into Asia. It has not been an easy path and development of the expansion has been slow and more expensive than planned. Numerous problems included leaks […]

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Domestic Indian price reforms could boost LNG import demand

From an LNG seller’s perspective, India is one of the few beacons of hope. The vast country, which has a very price sensitive approach to buying liquid gas, is taking more cargoes both on a contract and spot basis. A recent move by the Indian government to change the pricing formula of domestically-produced gas from […]

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Gas industry struggles to prepare for changing rules amid tariffs storm

Knowing how to prepare for going outside during winter months feels, at times, impossible to predict in London. The weather behaves erratically from week to week – mild and rainy; brisk and sunny; bitter and cold; snowy and grey. At times, it has seemed that shippers, transmission system operators (TSOs) and regulators throughout the bloc […]

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In or out? Why those steering Europe’s single energy market might pay attention to the UK’s EU referendum debate

Being a UK-based company, the news schedule my colleagues and I at ICIS are exposed to away from the work place has already been dominated for weeks by the UK’s EU referendum, despite the vote being four months away. The issue at the heart of this debate strike a chord with the key issue that […]

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British regulator to consult on REMIT guidance

British energy regulator Ofgem has said it will consult on changing its procedural guidelines and how it calculates penalties for breaches of REMIT. A consultation is slated for October. This comes around the same time the UK energy minister flagged his intention to introduce criminal penalties for energy market abuse . The criminal sanctions for […]

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