Rebecca Cullen

 Prompt gas prices surged Increased wind generation saw gas-fired power demand fall on Monday, but overall demand increased to 180MCM as exports via the Belgian and Dutch interconnectors totalled 75MCM on the day.  The high export rate was made possible by increased Norwegian deliveries which topped 110MCM yesterday.  The UK gas system ran in surplus […]

Increase in Norwegian deliveries to the UK An increase in Norwegian deliveries to the UK left the gas system well supplied, despite increased demand, and prompt gas prices eased significantly on Friday.  Losses of 10.5p on spot and day ahead contracts were recorded but the week ahead for this week was down by only half […]

Near term gas futures on the NBP eased for a third day Near term gas futures on the NBP eased for a third day yesterday with price pressure primarily focused on the on the Winter 2021 contract.  This steady decline in the gas market is a welcome development but contracts remain elevated and strong risk […]

Near gas futures on the NBP eased for a second day Near gas futures on the NBP eased for a second day yesterday, however futures past the front season settled slightly up.  The front month had opened around 7.00p lower and prices start to firm during the session for a brief spell but the losses […]

 Prices remain at record highs Following extraordinary gains on the NBP market during Monday’s session, trading on the European gas market was much more muted during Tuesday.  That said, prices remain at record highs and the market retained the majority of the premium from the previous session as only a relatively modest amount of premium […]

Tight supply concerns once again spurred on natural gas prices Tight supply concerns once again spurred on natural gas prices in Britain on Monday as the prompt and near curve contracts gained over 25.00p per therm. The GB gas system ran short early on with news of an unplanned outage at Elgin Franklin field, however […]

 UK gas market turned bullish again on Friday The UK gas market turned bullish again on Friday as uncertainty over short to medium term supply again surfaced.  While the UK gas system was well-balanced on the day, concerns were raised by falling Langeled flows as more Norwegian gas was diverting to Belgium rather than the […]

 UK gas market experienced a significant downward correction The UK gas market experienced a significant downward correction yesterday as the short-term supply outlook improved.  Prompt and near futures contracts shed 18 to 22 pence per therm on Thursday as near term supply is forecast to improve with increased UK indigenous deliveries and falling demand due […]

Near futures prices gained up to 30.00p The recent volatility on European gas markets reached new extremes on Wednesday with prices for the winter months finishing at new record highs.  Having broken above 150p per therm on Friday last, UK gas prices for the mid-winter months traded at almost 200p for much of the day […]

There was a significant amount of volatility within day Gas markets in the UK and across the wider European region surged higher once again on Tuesday with significant premium added to most contract periods.  The market was up by over 10.00p on opening and extended these gains throughout the session.  In the early part of […]