Kore Energy

Gas Market NBP forward contracts dipped in early trading on Thursday before recovering later in the session, with Nov-25 closing 0.25p higher at 80.26p/therm. The system remains comfortably supplied, supported by EU storage at 82.6% and increased LNG availability, with total European sendout set to rise by 500 GWh/d to 2,400 GWh/d as Dunkerque boosts […]

Gas Market NBP futures continued to soften on Wednesday and stretched the current run of declines to three days. Wholesale gas prices had been rangebound for several weeks, but the near curve has fallen to fresh 18-month lows as storage levels climb closer to 90% of capacity for Europe. Meanwhile robust wind generation coupled with […]

Gas Market NBP curve products extended Monday’s losses on Tuesday, with near months shedding an average of 3.11p per therm day-on-day. Heading into the winter season, supply fundamentals remained stable alongside healthy storage levels, which alleviated risk and fed into the downside. Storage levels currently sit at 82.6%, with further injections expected in the coming […]

Gas Market NBP gas prices eased on Monday as the expiry of Oct-25, Q4-25 and Winter-25 contracts closed lower against a backdrop of stable fundamentals and steady LNG arrivals. European storage remains comfortable at 82.3% heading into October, while three LNG cargoes are scheduled to land in the UK over the coming weeks. With Asian […]

Gas Market The GB gas market remained rangebound on Friday with futures and prompt prices posting slight gains after moving sideways for much of the session.  Some support for the prompt came from subdued forecasts for wind which added to gas demand on Friday and the weekend. The Spot settled 0.30p per therm up while […]

Gas Market NBP contracts remained rangebound on Thursday, with only modest shifts in fundamentals. The October front month rose 1.57p to 81.06p/therm, reversing the previous session’s losses, while Winter-25 gained 1.25p to 86.15p/therm. The day-ahead advanced 1.15p (1.47%) to 79.50p/therm as weaker wind forecasts lifted gas-for-power demand by around 6mcm. Norwegian flows into the UK […]

Gas Market NBP curve products traded within a narrow range once again on Wednesday with little change to underlying fundamentals. By the close, the front month contract had retraced much of the previous days’ gains, with October 25 posting a 0.84p loss to settle at 79.49p per therm. Winter 25 maintained its proximity to recent […]

Gas Market NBP prompt contracts firmed on Tuesday as colder-than-normal temperatures lifted heating demand, coinciding with unplanned outages at Norway’s Skarv and Troll gas fields. The tighter UK system kept supply and demand finely balanced, with strength on the prompt feeding into the near curve. The Winter-25 contract rose 0.93p to 85.67p/th, though both the […]

Gas Market NBP contracts eased on Monday, with the front month down 1.00p at 79.05p/therm and Winter-25 falling 1.27p to 84.74p/therm. Norwegian flows strengthened as Langeled ramped up by 10mcm and an unplanned outage at Oseberg was resolved, reinforcing the healthy supply backdrop. Steady LNG arrivals also limited upside potential, with seven cargoes scheduled to […]

Gas Market NBP curve contracts eased off on Friday afternoon after initially starting the session in positive territory. European storage levels were sitting at a comfortable 81.1% as the winter period approaches, allowing the near months to shed an average of 1.26p per therm day-on-day. The Winter 25 contract posted a 1.22p loss to end […]