Rebecca Cullen

Prompt prices at the NBP finished over 12.00p higher Gas and power prices surged across Europe on Monday as the relentless bull run continued to drive prices to new record highs.  Maintenance works on Norwegian natural gas supplies to Europe via Zeebrugge meant much of the increased flows to the UK yesterday were bound for […]

The UK gas system maintained a positive supply-demand balance The UK gas system maintained a positive supply-demand balance throughout the trading day on Friday. The ongoing maintenance programmes on the Norwegian supply system are scheduled to begin winding up next week, improving the short-term supply outlook. Day ahead gas for today shed 1.95p while the […]

UK gas prices continued to spiral upwards UK gas prices continued to spiral upwards on Thursday with contracts for mid-winter months breaching the 150.00p mark before falling slightly towards the close of business.  The ongoing maintenance programmes on the Norwegian supply system saw Langeled flows drop below 30MCM yesterday.  Continuing uncertainty over Russian supplies and […]

There appears to be no end to the price increases on the UK NBP There appears to be no end to the price increases on the UK NBP as contracts set new record highs once again yesterday.  The setting of new record levels in now becoming a daily occurrence.  The market opened in a benign […]

Contracts further out the curve recorded modest losses The NBP front months closed at new record highs on Tuesday after Gassco, the Norwegian gas operator posted news of further maintenance from today.  Work is set to ramp up at the Troll field and up to 113MCM of capacity could be offline for the next few […]

 Prompt gas prices increased Reports that the Nord Stream 2 pipeline could be operational within days saw European gas prices dip early yesterday.  The reality that only commissioning gas might flow and that commercial deliveries might not flow until the end of the year saw UK gas prices surge again with prices for the winter […]

UK gas prices did ease a little on the day Restricted Norwegian deliveries and low LNG send-out saw the UK gas system relying on storage withdrawals to maintain balance on Friday. In what would normally be storage injection season, the coincidence of late summer maintenance programmes and a dearth of LNG shipments to the UK […]

Another surge in carbon prices pushed gas prices at the NBP higher Falling Norwegian supply to the UK and another surge in carbon prices pushed gas prices at the NBP higher on Thursday.  Marginal movement in both directions on the UK gas market yesterday morning became more bullish by midday with prompt and near futures […]

Volatility on UK NBP gas markets during Wednesday There was significant volatility on UK NBP gas markets during Wednesday as contracts opened firmer from the outset and then extended gains into the afternoon session.  The October contract being a case in point which was up by 4.75p on opening before it peaked at a high […]

 Both the prompt and near futures settling with strong gains After a rest day for the UK bank holiday natural gas prices at the NBP continued the bull run on Tuesday with both the prompt and near futures settling with strong gains for the fifth session in a row.  The remaining winter months keep setting […]