Kore Energy

Gas Market NBP futures regained the premium lost in Tuesdays session on the back of further Norwegian maintenance extensions, cancellations reported at Freeport LNG and an announcement of planned maintenance on the BBL pipeline. The brunt of the upward pressure was on the front month October contract which ended the session 5.33 pence per therm […]

Gas Market Gas markets on Tuesday were essentially flat day on day. The front month, October, opened in positive territory before news hit the market that Chevron, the owner of the Australian LNG facilities, asked the Fair Work Commission to intervene in the negotiations with unions. In Australia the Fair Work Commission can force the […]

Gas Market On Monday, UK gas prices began their ascent and continued to push higher throughout the day. This occurred in tandem with ongoing strike actions at two major Australian LNG facilities, perhaps exacerbated by Chevron’s request for regulatory intervention. The front month contract October hit a high of 94.11p before eventually settling at 89.81p, […]

Gas Market Strike action commenced at Chevron’s Gorgon and Wheatstone LNG plants on Friday with industrial action set to step up to 24-hour stoppages from Thursday. The interruptions may not impact production for the first few days of the week but gas markets in Europe reacted to the news on Friday and near NBP curve […]

Gas Market The gas markets across Europe remained on edge yesterday as talks continued between unions and management to prevent industrial action at Chevron’s LNG plants in Australia.  NBP futures traded back and forth through the morning session, but it was the front month that experienced the most volatility as October traded between a high […]

Gas Market Tuesday saw prices take stock of Monday’s sell off as a choppy market closed the session with minor increases across the board for all forward contracts. The market fell in early trading as the sell off looked likely to continue across the day. However, news reached the market by lunchtime that the strike […]

Gas Market It was another volatile session for the NBP futures market but the swings in natural gas futures prices were not as wide as was witnessed on Wednesday. The threat of striking action by workers at Australian LNG facilities rippled through the European energy markets on Wednesday creating fears that LNG tankers bound for […]

Gas Market NBP futures had one of their most volatile days in 2023 as workers at Woodside Energy Group and Chevron’s liquefied natural gas (LNG) facilities in Australia voted to strike on Wednesday, which could lead to a more competitive market for global LNG. Collectively, monthly exports from the facilities equate to around 11% of […]

Gas Market NBP futures flip flopped between positive and negative territory throughout the day, with most contracts settling relatively flat over the session. European Storage levels are in a healthy position for this time of year at 90%, however there is concern in the market that there could be additional delays to upcoming planned maintenance […]

Gas Market The Norwegian Troll field returned to production following unplanned outage last week, however prices reversed Friday’s losses as contracts out to Summer-24 all gained in value. Traders were eyeing further upcoming scheduled maintenance at the end of August that will extend into September which helped support the prices. The September contract gained 3.56p […]