Rebecca Cullen

Prices fell back in late trading to close fractionally lower The 15% rise in winter gas prices on Tuesday, following the German decision to delay certification of the Nord Stream 2 pipeline, was added to in early trading on Wednesday.  The December contract hit an intra-day high of 255.00p but prices fell back in late […]

 UK gas prices opened firmer on Tuesday morning UK gas prices opened firmer on Tuesday morning as the market extended gains from the previous session.  Some of this price movement was linked to the ramping up of European Union sanctions against Belarus and the possible response in terms of gas supplies via that country.   Prices […]

Gas prices rose on Monday Gas prices rose on Monday as news emerged that Gazprom has booked no additional capacity on pipeline entry points to Western Europe for December.  This suggests Gazprom’s storage facilities in Germany and Austria will remain depleted over the winter months and contracts for the winter months at the NBP gained […]

Mild weather reduced gas demand Several unplanned outages on Norwegian facilities reduced gas supply to Germany, Belgium and the Netherlands on Friday and exports via UK interconnectors stepped up sharply.  Wind generation levels of over 13GW and mild weather reduced gas demand on the day and Western European gas markets traded within tighter margins despite […]

The near curve rebounded yesterday After two days of declines the near curve rebounded yesterday following renewed concerns for winter gas supplies.  Russian gas flows to Germany through Poland fell yesterday which raised concerns of a slower restock in European gas storage facilities.  Later threats of cutting off gas supplies to Europe from the Belarus […]

 Gazprom’s storage in Germany disappointed the markets yesterday The much-anticipated arrival of Russian gas for injection to Gazprom’s storage in Germany disappointed the markets yesterday with only minimal quantities flowing.  Net storage volumes actually decreased yesterday as withdrawals outstripped injections and early bearish sentiment on European gas markets was softened.  Near futures prices which had […]

 Flows of Russian gas came through the Yamal pipeline Arriving a day late, the resumption of Russian gas flows into Germany was a welcome development albeit the quantities proved to be disappointing.  Flows of Russian gas came through the Yamal pipeline and resulted in some positive sentiment across broader European markets.  UK NBP gas contracts […]

Demand on the UK gas system crept higher The anticipated resumption of Russian supply via the Yamal pipeline failed to materialize yesterday, pushing Western European gas markets higher on the day.  Demand on the UK gas system crept higher, despite increasing wind generation over the course of the day on Monday.  Overall demand remained below […]

Gas demand in the UK fell on Friday Forecast milder weather and lower heating demand this week helped ease prompt gas prices on Friday.  Gas demand in the UK fell on Friday as wind generation increased and prices for the week ahead and balance-of-month shed 6.00p.  The day ahead for today was up 2.00p however […]

Russia has committed to replenish European gas storage NBP gas futures eased on Thursday after a choppy day of trading when Russian gas imports to Germany picked up through the entry point at Mallnow.  Gas markets across Europe fell late into the session after the German gas operator indicated the import nominations at Mallnow on […]