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 [...]
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 [...]
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 [...]
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 [...]
The Natural Gas market can still be considered as “Regional” because of the lack of a unified world market. Instead of that, the market is segmented and each region is ruled by variables related to its own situation such as supply and demand. This generates important price differences among regions but in any case, those prices [...]
European energy policy has so far been aimed mainly to achieve three goals: getting a competitive and affordable energy price, making system environmentally sustainable and guarantee security of supply. One of the main steps taken by the EU was in 2011, when the importance of an internal energy market was recognized. Particularly for gas system, the [...]
