Concerns over Gazprom’s ability to replenish storage facilities Russian supply to Germany via the Yamal pipeline remained at zero for a second consecutive day. This raised concerns over Gazprom’s ability to replenish storage facilities in Germany from next week as predicted and following 2 days of relative calm on European gas markets, prices moved significantly […]
Rebecca Cullen
Gas market downward trajectory was somewhat halted
The full calendar 2022 gas contract has been in decline The full calendar 2022 gas contract has been in decline for multiple sessions, but this downward trajectory was somewhat halted on Tuesday as prices were firmer at the close. The higher finishing point did not tell the full story however as gas contracts moved between […]
A further eight LNG cargoes due to berth at UK ports
A halt to gas flows from Russia to Germany via Poland saw gas prices surge A halt to gas flows from Russia to Germany via Poland saw gas prices surge on Monday morning but the markets settled with only minor gains on the front month at close of business. The general strength of UK supply […]
Thursday’s sharp decline in gas prices was surpassed on Friday
Encouraging news of progress towards approval of the Nord Stream 2 project The encouraging news of progress towards approval of the Nord Stream 2 project last week was boosted by news on Friday that Russia is about to increase injection rates to storage reserves in Austria and Germany. Gazprom has almost reached target storage capacity […]
Losses on the gas curve fed into baseload power contracts
A significant sell off on gas contracts occurred Further progress has been made in the process of allowing Gazprom to begin exports of Russian gas via the Nord stream 2 pipeline to Western Europe. Germany’s Economy and Energy Minister released a positive assessment of the pipelines potential impact on supply security. This outcome moves the […]
Energy market prices have eased
Gas prices for the remaining winter months eased Gas prices for the remaining winter months eased yesterday as the supply outlook improved with the German Energy Ministry giving the green light to the Nord Stream 2 pipeline. The limited losses reflected the fact that the pipeline still has several steps to complete, including before final […]
Increased wind generation weighed on prompt prices
Futures were switching between gains and losses for much of the session Lower demand on the GB gas system countered forecasts for cooler temperatures yesterday as prompt prices eased in the morning but rebounded later when the gas system ran short. The spot closed 3.50p higher while the day-ahead gained 2.00p to close at 209.05p. […]
The global benchmark reaches a 7-year high
Spot and day ahead prices gained marginally An early supply shortfall on the UK gas system saw prompt and near futures prices gain strongly in early trading on Monday. LNG send-out increased to 45MCM through the day as demand remained stagnant, helping turn the system into surplus by midday. Prices fell back in the afternoon […]
UK gas market settled lower week-on-week
Prompt gas prices eased on forecast higher temperatures A second day of below normal temperatures pushed demand on the UK gas system to a season-to-date high of over 240MCM on Friday, but the supply side maintained a surplus for most of the trading day. Prompt gas prices eased on forecast higher temperatures for this week […]
The UK is expecting up to 6 cargoes of LNG by mid-November
Winter months declined by an average of 12.50p on Thursday The winter months declined by an average of 12.50p on Thursday, reversing the gains from the previous session and some. The front month settled at 221.40p, its lowest close in ten days. NBP futures for summer-22 settled 4.04p down at 111.05p while contracts further out […]
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