Rebecca Cullen

Gas Market NBP futures released premium gained from the two previous sessions on Wednesday as the market awaited news on the talks between Woodside Energy and unions to avoid strikes at Australia’s largest LNG facility over wages and conditions. There was a sharp downturn in prices in the morning session as Australian media cited a […]

Gas Market The proposed strike action at the Australian LNG production facilities is still casting a wide shadow across European energy markets. Another choppy session on the NBP saw front month prices trade in a 13.8p range, peaking at 111.33 pence per therm having traded as low as 97.55p.  Just before the close all contracts […]

Gas Market Natural gas futures across Europe rose sharply on Monday on the back of news that workers at key Australian LNG facilities could commence strike action by the end of next week.  Fears that a prolonged dispute could lead to LNG cargoes being diverted to Asia to compensate for the loss of Australian supplies.  […]

Gas Market After a volatile opening, NBP futures settled down and traded in a narrow range for the rest of Fridays session as traders awaited more news on the potential strike in LNG facilities in Australia, as ballots opened for workers on Friday for the strike vote. The Troll gas field in Norway is set […]

Gas Market Prompt prices for the NBP dropped in value on Thursday with GB gas demand expected to ease as wind generation increases going into the weekend. The Spot fell by 5.20p per therm on the day while Friday’s price declined by 4.95p.  The threat of industrial action by workers at Australian LNG plants still […]

Gas Market UK gas prices fluctuated on Wednesday as traders gauged the impact of full inventories against potential supply disruptions at Australian liquefied natural gas (LNG) facilities and Norwegian maintenance. Latest data from Gas Infrastructure Europe shows gas storage levels have effectively reached the 90% target mandated by the European Union for Nov 1st. Woodside […]

Gas Market Gas markets spiked on Tuesday due to renewed concerns for LNG supply originating in Australia. Near curve prices took the brunt of the increases as the front month September hit an intraday high of 102.01 pence per therm before falling off slightly before the close, being assessed at 98.43p, an increase session on […]

Gas Market European gas markets grappled with uncertainty throughout Monday, resulting in a lack of clear direction. An initial uptick across the UK gas curve during early trading subsided in the late afternoon, however losses were marginal on long dated contract as a threat of risk premium persists. Significant volatility was evident in the front […]

Gas Market After two days of volatility the NBP futures market was more benign on Friday as movement on the day was within a penny either way save for the two front months.  The markets rose sharply on Wednesday on the back of news that Australian workers at key LNG facilities threatened strike action raising […]

Gas Market Concerns over the outage at the Troll gas field continued to prop up the prompt and near NBP curve months on Thursday.  The fault was discovered during routine planned maintenance works and impacts just 12mcm/day but the fact that Gassco, the Norwegian gas operator, is still uncertain when the issue will be resolved […]