Rebecca Cullen

Gas Market NBP futures settled marginally higher on Tuesday after markets were closed on Monday for the UK bank holiday when news broke that Chevron’s two major liquefied natural gas (LNG) production facilities in Australia could face daily work stoppages of up to 10 hours next week. Chevron’s Gorgan and Wheatstone projects account for more […]

Yesterday in summary Yesterday, the UK gas and power markets were closed due to a Bank Holiday. Across the channel, the Dutch TTF market displayed limited price movement, as the front of the curve edged 2.34p per therm higher on average. European carbon markets struggled to rebound yesterday, following a sharp downward correction last week. […]

Gas Market The week ended with more volatility for the NBP futures market with Norwegian outages limiting gas flows while potential strike action by Australian LNG workers also adding some upside.  Gas flows to the UK through the Langeled feeder were down to just a trickle on Friday as the scheduled maintenance works continued at […]

Gas Market Persistent volatility defined European gas markets for the second consecutive session yesterday. Efforts were made within the market to restore stability through the release of risk premium across the curve. This strategic move was underpinned by the optimistic outlook surrounding the potential resolution of labour strike concerns at Western Australian LNG facilities. While […]

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 […]