Kore Energy

Gas Market Following the end of maintenance imports from Norway via the Langeled pipeline increased by 37% on Monday compared with Friday. The increased supply coupled with continued weak demand kept the UK system oversupplied for the day and weighed on NBP contracts. The front month slid by 1.42p/th at the close as Jun-24 edges […]

Gas Market With the Norwegian seasonal maintenance ending without issues gas prices across Europe declined on Friday.  After a fairly directionless morning, fundamentals took over and the near months on the NBP settled an average of 2.50 per therm lower. Forecasts for warmer than normal temperatures along with increasing wind power is expected to keep […]

Gas Market The NBP gas market remains quite directionless with gains one day, reversed the next as the market ebbs and flows through the current spathe of maintenance on Norwegian gas fields and assets. Thursday saw a reversal of Wednesday’s losses with flows through Langeled remaining suppressed due to the continued planned outages at the […]

Gas Market Low demand and a comfortable gas system weighed on the NBP prompt on Wednesday as prices fell by over 2.00p for the most part. Even with wind generation below seasonal norms at 4.0GW, gas demand remained around 150mcm for the day while exports to the Netherlands were increased as traders took advantage of […]

Gas Market The gas markets opened firmer after the long weekend as tensions in the Middle East increased with Israel rejecting the current proposal for a ceasefire while Hamas were looking to accept the deal.  In fact, Israel continued its assault on the border city of Rafah yesterday morning which likely caused the June contract […]

Gas Market After the sharp gains on Thursday the gas markets were undecided on the bank holiday Friday as near futures flip flopped between gains and losses through the day.  The front month traded within a tight range with the peak of the day at 77.67p per therm while the low was 73.50p.  GB gas […]

Gas Market NBP Gas contracts increased in value across the day, with near curve contracts opening at parity before a rally caused by a lack of supply took hold for the day. European gas markets, buoyed by falling temperatures and low Norwegian pipeline supplies as planned maintenance continued at a number of facilities, gained momentum […]

Gas Market   Subdued gas demand pressured the prompt on Wednesday which in turn fed into near months on the NBP curve.  GB gas demand was below 145mcm, and supplies ran with a surplus to the end of trading as planned maintenance works continued at several Norwegian plants. With temperatures expected to remain above the […]

Gas Market Gas prices rebounded from Monday’s losses buoyed by a risk of an interruption in LNG deliveries from Qatar following attacks by Houthi Militants in the Indian Ocean. By expanding their attack range outside of the Red Sea, the risk of LNG tankers being disrupted, even those routing around the Cape of God Hope, […]

Gas Market In its final session before expiry, the May-24 contract fell by over three pence per therm. Gas prices declined with pressure coming from increased gas flows in the US to LNG liquefaction plants. Freeport LNG was pulling in additional gas as the plant began its return from maintenance with the total volume of […]