Gas

Rough and the growing effect of LNG in Europe

By | 2017-07-26T09:03:21+00:00 July 12th, 2017|Categories: Gas, M·Blog|Tags: |

On June 20th, Centrica announced the permanent closure of Rough gas storage, situated 29km offshore Easington in Great Britain. This news could be overlooked by many if it were not because it accounts for 70% of UK storage capacity, equivalent to 9 days of gas supply, and can supply 10% of peak daily whole country gas [...]

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Natural Gas Demand in Europe: What’s the medium-term scenario?

By | 2017-06-28T13:45:24+00:00 June 7th, 2017|Categories: Energy Policies, Gas, M·Blog|Tags: , , |

Gas demand in Europe has been characterized by extreme optimism and success when the business started to run in the early 60’s. After the discovery of the Groeningen gas field in the Netherlands in 1959, gas started to be seen as the potential centre of the energy policies not only for the country but for the [...]

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Gazprom & the love-hatred story of Europe and Russia

By | 2017-04-28T12:05:11+00:00 February 8th, 2017|Categories: Gas, M·Blog|Tags: , , , , |

This last winter, temperatures were extremely low (hitting records in several countries) throughout the European continent. As a consequence, demand for natural gas soared in countries that found difficulties to satisfy its consumers. It is  a fact the European Union relies on non-member countries for its supply of this commodity. According to the latest available data and [...]

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DUtch TTF: To index or not to

By | 2017-05-31T14:39:19+00:00 September 19th, 2016|Categories: Energy Markets, Gas, M·Blog|Tags: , |

When we conduct a tender for gas, some suppliers have used indexation “Title Transfer Facility” (TTF) as a differentiating element of its proposal. Many times, as seeing as something different than what we’re used to, we do not get to see the advantages or disadvantages of this product and return to the famous formula Brent (or [...]

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The getaway for our Energy Island

By | 2017-05-31T15:09:33+00:00 September 5th, 2016|Categories: Energy Markets, Gas, M·Blog, Spain|Tags: , |

Spain can play an important role in the European gas market over the coming years. The launch of the organized market MIBGAS last December could make a real difference in the peninsula’s gas price model, especially when the market will reach greater maturity and liquidity, with the will to be the gas price benchmark in Southern [...]

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Is Asia becoming the new “El Dorado” of Natural Gas?

By | 2017-06-01T08:06:16+00:00 June 27th, 2016|Categories: Gas, M·Blog|Tags: , |

Four years ago the IEA, introduced the concept of “the golden age of gas”. Nowadays there is no place where this expression seems more relevant and real than Asia, where a bright future seems to await this commodity, and where its demand in 2035 is estimated to equal that of USA. The LNG industry has looked [...]

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MIBGAS – What is it and how does it work?

By | 2017-06-12T08:15:12+00:00 February 10th, 2016|Categories: Gas, M·Blog, Spain|Tags: , |

Until the recent commissioning of an organized gas market in the Iberia peninsula, the only option that companies have had to “negotiate” with suppliers have been based on oil indexed (or derivatives). This type of contract has their origin in unregulated bilateral agreements (OTC market) that suppliers trade with regasification plants and whose reference prices for [...]

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2016, the year of a Mediterranean Gas Hub?

By | 2018-06-12T15:37:17+00:00 January 26th, 2016|Categories: Featured, Gas, M·Blog|Tags: , |

2015 has been a miserable year for oil, characterized by sudden collapses proponents of large losses for companies and investors in this business. The prospect of an improvement in 2016 for the hydrocarbon industry seems to be very unlikely, obscured by the obvious problems of oversupply and dramatically weak demand. For oil giants, new year will [...]

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The arrival of a New Gas Price Model in Europe

By | 2017-06-16T07:47:22+00:00 December 15th, 2015|Categories: Energy Markets, Gas, M·Blog|Tags: , |

Day by day it becomes latent in main European gas markets, a greater participation of Liquefied Natural Gas (LNG) supply to the system. Europe has been and remains a clearly importing gas region. Historically, gas inputs were made through pipelines, through long-term contracts, mostly indexed to oil, which cover part of the funding of the necessary [...]

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The arrival of the Expected Gas Hub for Southern Europe…

By | 2017-06-16T09:31:48+00:00 August 31st, 2015|Categories: Energy Markets, Gas, M·Blog|Tags: , |

Due to the publication of the hydrocarbons law 8/2015 on May 21st, Magnus Commodities wants to open the debate on the implementation of a natural gas hub in Southern Europe. But firstly, what is really a natural gas hub? In general terms we can see that there are three types of gas markets based on their [...]

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