Rebecca Cullen

The GB gas markets settled higher for a second day this week The GB gas markets settled higher for a second day this week as near curve contracts recovered most of the losses recorded on Friday.  The April contract moved higher by 17.65p to settle at 263.42p. Likewise, the summer contract closed at 264.56p, up […]

 Gas fundamentals were comfortable yesterday Gas fundamentals were comfortable yesterday as warm weather continued and gas demand operated at 250MCM and below the seasonal norm.  The system ran with a small surplus during the day despite a reduction in LNG send out to below 90MCM.  There was ample gas supply and strong nominations through the […]

On the UK gas market contracts traded in both directions European gas market continued to digest the news that a broad agreement had been reached between European leaders and the U.S. that the reliance in Russian gas would-be reduced.  The EU and U.S. have agreed a deal for substantial supplies of LNG to be delivered […]

NBP futures had opened firmer on Thursday The EU leaders with Mr. Biden agreed a further round of sanctions on Russia yesterday but the EU were divided on whether to impact Russia’s gas and oil exports.  In other talks the U.S. President said U.S. LNG exports to Europe could be increased to lessen the block’s […]

Gas futures prices surged higher on Wednesday Gas futures prices surged higher on Wednesday as the outage at the Troll field will run on for longer than originally touted on the Gassco website. Around 30MCM of supply has been impacted due to a compressor issue, the Norwegian system operator had expected the repair to only […]

LNG flows remains stable and strong and at no stage did the UK system fall into deficit An outage at the Troll gas field in Norway allowed the UK gas market to recover some of the premium lost in the previous session.  The unplanned outage was announced by the operator Gassco but there were no […]

 At market close gas contracts out to Winter 2022 were down The UK NBP market continued to release war related premium during the session on Monday with other fundamental factors also weighing on the curve.  As we approach the summer season the market appears to be more confident that gas supplies will remain robust as […]

The early gains to the near curve were reversed later in the session Forecasts for mild weather along with robust supplies of LNG pressured prompt prices at the NBP on Friday while the early gains to the near curve were reversed later in the session. Temperatures in northern Europe are expected to rise up to […]

Some of Wednesday’s losses to near curve futures were clawed back yesterday Some of Wednesday’s losses to near curve futures were clawed back yesterday as the market is wary of progress in the ceasefire talks.  The front month settled almost 9.00p higher on Wednesday which was around the average gain for the summer month contracts […]

 Early gains were soon eroded The UK gas market made a valiant effort to push higher in early trading on Wednesday, but these early gains were soon eroded as more positive news emerged regarding the talks between Ukraine and Russia. Both sides were separately reporting that progress had been made and that the possibility of […]