Markets this morning Price movements in the UK gas market this morning is relatively limited. The front month has edged up by 1.18p to last trade at 63.83p, while the Summer-24 contract has lost 0.29p, to trade at 64.01 pence per therm. In the prompt market, contracts have yet to trade. However, the gas system […]
Kore Energy
Carbon EUAs out to 2026 fell by an average of 3.3% on Friday
Gas Market With the issues at Nyhamna and Troll being rectified, market fundamentals continued to weigh on natural gas prices on Friday as near NBP futures racked up a third day of declines. The Summer contract was down 5.68p for the week however, the front Winter contract was over 8.45p lower over the week. With […]
Outages at Norwegian facilities appears to have ended this morning
Gas Market For the second consecutive session, UK gas prices experienced another dip yesterday, albeit with limited movement. Gas for delivery in 2024 lost 1.02p on average, while the front seasonal contract Summer-24 closed at 69.14p. The market appears to be maintaining a sense of stability, with most price movements over the five-day average remaining […]
Carbon EUA contracts out to 2026 declined by an average of 1.9% yesterday
Gas Market The outages at Troll and Nyhamna were still evident yesterday and are now expected to be repaired by Friday according to the latest information posted on the Gassco website. While the capacity impacted is lower at up to 16mcm, this curbed losses on Wednesday. NBP futures fell by just over a penny for […]
A choppy day on the NBP saw all contracts move sideways with near curve contracts making minor gains.
Gas Market A choppy day on the NBP saw all contracts move sideways with near curve contracts making minor gains while far curve prices posted minimal losses. The front month contract, March-24, added just over a quarter of a penny to close at 69.59p/th. The Nyhamna processing plant in Norway remained offline throughout Tuesday’s session, […]
NBP futures ended just over two pence per therm lower on Monday
Gas Market After a sluggish opening to the week, NBP futures ended the first daily session just over two pence per therm lower. Prompt prices settled mixed with movement either way limited to a penny after unplanned outages at the Troll Field and Nyhamna plant provided a boost but was later revealed that both issues […]
Two unplanned outages at Norwegian facilities Nyhama and Troll have temporarily disrupted export nominations
Gas Market On Friday, UK gas prices were extending their recent decline. However, as the market settled, the price movement was limited, and no prices exceeded a movement of 1.00 pence per therm. The NBP front month contract March dipped to a low of 69.58p but eventually closed at 71.48p while gas for delivery in […]
A clear downward trend emerged during yesterday’s UK gas session
Gas Market Yesterday, UK gas prices opened flat but later showed a clear downward trend, leading to premium falling from the front of the curve, with March-24 closed at 71.25p down 3.05p on the day. With prices in January trading at their lowest levels since early 2022, the opening session of February aligned with this […]
Tuesdays gains to NBP futures were consolidated yesterday
Gas Market Tuesdays gains to NBP futures were consolidated on Wednesday as near month contracts ended the session an average of 1.60p per therm higher. The GB gas system opened undersupplied yesterday and reports emerged later in the session of an outage at the Kollsnes plant which explained the lower deliveries through the Langeled feed […]
Prices along the gas curve stepped higher supported by farmer’s protests in Belgium and the pricing in of the delay in LNG due to the Red Sea attacks
Gas Market As trading began on the NBP it appeared as if Tuesday would be a repeat of the last 4 days of trading as prices appeared to be once again rangebound, effectively moving sideways over the last number of sessions. In its final session before expiry the Feb-24 contract fell initially to 67.80p/th but […]
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