Rebecca Cullen

Gazprom indicated that flows into Western Europe would be reduced Gas markets across Europe continued to digest the news that flow via the Nord Stream 1 pipeline could face further disruption as Gazprom insisted that work on key turbines was not yet completed.  The Russian state gas company indicated that flows into Western Europe would […]

Gazprom indicted on Monday that further delays may be on the horizon The overriding upward sentiment in the UK gas market continued during Monday’s session, as uncertainty surrounding Nord Stream flows prevailed. The front month contract August made gains of 8.29 pence per therm to settle at 320.47p. However, the uptick was more evident further […]

 The opening gains to NBP futures were held through the session on Friday The opening gains to NBP futures were held through the session on Friday while the prompt reversed the increases and settled lower.  The National Grid proposed to increase exports through the Balgzand Bacton interconnector by 25% to assist Europe in reaching their […]

Damaged filters halted flows on the Bacton Zeebrugge With the return of Nord stream 1 following maintenance, the gas markets softened through the morning but later in the session much of the early gains were reversed.  Confidence in Russian gas supplies is still shaky, and the market reflected that yesterday as August and September ended […]

The UK gas market extended strong gains for the second session in a row The UK gas market extended strong gains for the second session in a row as the market continued to fret about the return of the Nord Stream 1 pipeline from annual maintenance.  The gains came despite the fact that Vladmir Putin […]

The UK gas system ran short for much of the day  The UK gas system ran short for much of the day yesterday with an outage and the FLAGS field reducing some Norwegian flows in the UK.  The outage is expected to be resolved quickly but news that Gazprom had issued letter to continental European […]

Trading for NBP futures was volatile Nominations through the Langeled pipeline were back to 64MCM on Monday and while the GB gas system was short for much of the session, both the prompt and near curve posted further losses.  The spot and day ahead yielded 6.10p and 5.50p respectively while the balance of month settled […]

The prompt market also softened on Friday The gas market continued to decline on Friday as the issue with Sleipner field was resolved restoring Norwegian gas flows.  Near month contracts yielded around 36.00p on the day and over the week were 55.05p lower on average.  The front winter ended the week 40.38p down having shed […]

 Pressure on the front of the curve was intense Following two sessions of strong gains the UK NBP gas markets reversed direction yesterday and strong losses were the order of the day. The market was weaker from the outset and as trading intensified a full-blown sell-off commenced.  Pressure on the front of the curve was […]

Significant volatility main feature on the UK NBP gas market Significant volatility and price increases were the main feature on the UK NBP gas market yesterday as for a second session in a row, contracts continued on an upward trajectory. Sentiment remains broadly pessimistic as the market continues to focus on supply threats.  The maintenance […]