Rebecca Cullen

Norwegian imports continued to be dogged by the issues The GB gas system operated with a deficit for most of Tuesday as demand of 342MCM was eventually met by increased storage gas send out along with robust LNG supplies of 125MCM on the day.  Norwegian imports continued to be dogged by the issues as Langeled […]

UK gas prices opened lower this morning UK gas prices opened lower this morning despite the arrival of colder weather across much of the region.  The cold snap is expected to remain for the next number days and flexible gas supply will be key during this period.  The outlook for continued strong deliveries of LNG […]

Friday yielded another volatile session for the NBP Friday yielded another volatile session for the NBP as early morning gains to the front of the curve were paired back later in the session.  The summer contract rose by over 20.00p per therm in the early part of trading but settled at 162.94p, just 6.01p higher […]

Issue at the Troll field could restrict gas flows to the UK by 26MCM A late report of an outage reducing imports of gas from Norway caused prompt and near month contracts on the NBP to surge yesterday afternoon.  The issue was at the Troll field and could restrict gas flows to the UK by […]

NBP gas futures and prompt prices reversed tack Having opened firmer on Wednesday, NBP gas futures and prompt prices reversed tack, and ended the session significantly lower.  The remaining winter months averaged losses of 10.00p while prompt products shed between 11.00p and 15.00p yesterday.  The mild winter weather so far along with the arrival of […]

Clearly the improving supply position is weighing on the market The decline in the gas market has now continued for the third day in a row with prices opening weaker and then extending these losses of the course of the session.  At no stage did the market go into positive territory with losses of 8.00p […]

Prices moved in both directions The gas market was quite unsure of what direction to take over the course of the session on Monday as prices moved in both directions.  Early movement was lower as contracts followed on from the sell off from last Friday.  Contracts firmed in the middle part of the session be […]

There is no doubt that volatility remains a key issue for the market The front month February contract opened on Friday at 239.00p and firmed to 251.00p in the first hour of trading.  Prices eased thereafter but still held on to 15.00p to 10.00p of premium over the previous settlement.  The selloff happened in the […]

Natural gas futures continued to rise yesterday Natural gas futures continued to rise yesterday as no gas flows from Russia to Germany were recorded again.  Gazprom did book firm capacity via the Mallnow entry point for January but there have been no flows to the west since before Christmas.  While the mild weather has helped […]

Russian gas deliveries through the Mallnow entry point remained at zero Russian gas deliveries through the Mallnow entry point remained at zero on Wednesday and this was the main driver for gas futures across Europe.  A slight supply deficit supported the NBP prompt early on, but this was recovered as a robust LNG send out […]