Rebecca Cullen

LNG shipments ramping up over the next 3 weeks The recent see-saw pattern of movement in UK gas prices continued on Wednesday with near futures contracts recovering most of Tuesday’s losses.  The front month gained 7.90p to settle at 233.81p.  Prices were still down on a week ago when contracts for the current winter months […]

Contracts moved between gains and losses across the day The UK gas market displayed a slightly different side on Tuesday and although contracts moved between gains and losses across the day, we did not see the wild swings in prices that have been a feature of late.  The market opened lower from the outset and […]

Prompt gas contracts gained As has been the case in recent weeks, Monday saw UK gas prices surge higher but unlike previous weeks, prices fell back again later.  The market actually opened lower, but prices took off mid-morning with intra-day gains of up to 35.00p on contracts for the current winter months.  The market was […]

Prompt gas contracts shed an average of 34.00p but remained just over 200.00p Early trading at the UK NBP suggested another day of rising prices on Friday but, after posting early marginal gains, prices levelled off and began falling heavily late morning with contracts for the current winter months finishing 23.00 to 24.00p lower day-on-day.  […]

Gazprom to prioritize domestic supplies The focus of the UK and general European gas market remains firmly on the prospect of supplies from Russia for the coming Winter.  For the second session in a row significant premium was added to near term contract and further premium reverberated across the wider curve.  The market was responding […]

News of a significant pick-up in LNG deliveries to the UK News of a significant pick-up in LNG deliveries to the UK was countered yesterday by a fall-off in Russian supply to Western Europe, bringing the downward trend in European gas prices of the previous 5 days to an abrupt end.  LNG deliveries are set […]

Demand is expected to pick up for the remainder of the week The GB gas system operated with a modest surplus for most of the day yesterday as demand ran up to 207MCM but prompt prices at the NBP continued to rack up gains.  Demand is expected to pick up for the remainder of the […]

UK gas system was comfortably supplied throughout the trading day UK prompt and futures markets moved in different directions on Monday with prompt prices gaining strongly on the day. While the UK gas system was comfortably supplied throughout the trading day, within day and day ahead contracts gained 16.50p and 16.90p respectively as gas-fired power […]

UK gas prices eased significantly for a third consecutive day The modest increase in Russian deliveries to Western Europe continued to alleviate pressure on gas prices on Friday. UK gas prices eased significantly for a third consecutive day on Friday and finished lower week-on-week for the first time in 3 months. Having briefly traded above […]

Gas markets across Europe settled lower Gas markets across Europe settled lower for the second session in a row as the announcement from Vladimir Putin that Gazprom will send additional gas to Western Europe provided some relief.  The additional flows are scheduled to come through the Yamal pipeline into Poland and will add an overall […]