Rebecca Cullen

Gas futures at the NBP opened with strong declines After a buildup in tensions between Russia and the West over the weekend, Tuesday brought some relief with news of a withdrawal of some Russian units from the Ukraine Boarder.  Gas futures at the NBP opened with strong declines with up to 15.00p off the near […]

The UK gas system was oversupplied on Monday The UK gas system was oversupplied on Monday despite a falloff in LNG send out over the course of the day.  Forecast demand for the day was just 270MCM and this included the export of 18MCM via the interconnector.  Just over 21% of gas demand was coming […]

Forecast gas demand on Friday was consistent with the previous day Forecast gas demand on Friday was consistent with the previous day as it came in at 305MCM.  The system was finely balanced at the outset and stayed that way for the duration of the market.  As has been the situation of late LNG send […]

The supply side has been boosted by record LNG deliveries this year Forecasts for high wind generation saw prompt prices ease on Thursday as gas demand for power generation requirements is expected to ease.  A cold spell could see temperatures drop below the norm however and may add to domestic demand in the short term.  […]

Prices moved lower later in the session After a slow start near futures struggled to find direction through the morning but prices moved lower later in the session with hints of higher Russian gas bookings for Europe.  The remaining months out to the summer fell by almost 8.00p on average through the afternoon with the […]

UK gas system was once again well supplied The UK gas system was once again well supplied during yesterday’s market with plentiful supplies of LNG and high wind generation offsetting demand from conventional gas generation.  The system opened with a surplus of 16MCM and as the day progressed this grew to over 20MCM.  The gas […]

The market failed to hold on to the full extent of these losses UK gas futures recorded losses of between 14.00p and 12.00p on opening and prices oscillated between these levels over the course of the morning session.  The market failed to hold on to the full extent of these losses as buying activity ramped […]

UK gas futures recorded gains for a third day in a row UK gas futures recorded gains for a third day in a row on Friday but over the week near futures were lower.  The front of the curve moved around 9.50p higher on Friday as a combination of lower Russian gas flows and tensions […]

There was a late tick up in near NBP futures on Thursday There was a late tick up in near NBP futures on Thursday which left contracts out to next winter 9.00p higher on average.  Earlier, gas futures had reversed opening gains but then started to creep higher through the session as reports of lower […]

UK gas market was once again well supplied during Wednesday The UK gas market was once again well supplied during Wednesday although demand did tick up by 10MCM from the previous day.  Send out from Norwegian sources remains high although it is likely that some of this supply is transiting through the UK as exports […]