Rebecca Cullen

Some adverse weather conditions over the weekend are preventing a number of LNG tankers from docking. The UK gas system opened undersupplied on Thursday morning and early forecasts suggested the system would run 16MCM short.  The main drivers for the system deficit were an increase in demand from conventional gas generation and some reductions in […]

 Increased optimism over a Brexit trade deal saw gas futures adjust lower to break a 6-day rally The UK gas system began the day in surplus yesterday but a surge in heating demand negated a drop in gas-fired generation demand as wind generation rose to 12GW. As demand increased the system fell short by the […]

 Gas futures averaged gains of around 0.80p yesterday Bullish trading in the carbon markets added to the upside in NBP futures on Tuesday. The market has already been inflated by concerns of increases in Asian LNG prices and fears that LNG supplies could be diverted away from Europe to Asia. The remaining winter months have […]

Prompt gas prices all gained strongly with spot, day ahead and week ahead contracts up by around 3.00p With unusually high demand for LNG in Asia, European markets are struggling to price-match to prevent cargoes diverting to the East. LNG send-out in the UK fell off substantially during the trading day yesterday on concerns that […]

Prompt gas prices were little changed as the UK gas system remained well-supplied on Friday With Brexit negotiations on a knife edge and little sign of a break-through, sterling weakened further on Friday. UK gas prices gained for a second consecutive day as a result, with the Calendar Year 2021 contract topping 40.00p for the […]

A spell of persistent colder weather in Asia was given as the cause for the large step up in gas prices  A spell of persistent colder weather in Asia was given as the cause for the large step up in gas prices on the NBP on Thursday. Increased gas demand there has lifted the Japanese […]

Demand on the UK gas system fell below 340MCM as temperatures increased slightly Demand on the UK gas system fell below 340MCM as temperatures increased slightly and wind generation picked up yesterday. The system opened in balance and by the end of the trading day, was forecast 5MCM long as LNG send-out increased over the […]

At market settlement gas contract finished somewhat mixed Forecast demand in the UK fell back by 10MCM to 350MCM as wind generation increased and output from conventional gas generation fell back.  Overall gas demand remains elevated, but the system was quite comfortable with line pack expected to grow by 15MCM by the close.  Strong flows […]

Prompt gas prices eased as the market was encouraged by the healthy supply-side response Elevated heating and power generation demand drove overall demand on the UK gas system to a high of 360MCM yesterday. Gas-fired power demand topped 100MCM as wind generation slumped. There was a strong response from the supply side with an early […]

A short-lived rise in temperatures saw demand on the UK gas system ease on Friday morning A short-lived rise in temperatures saw demand on the UK gas system ease on Friday morning. An early surplus on the system was eroded as demand increased over the course of the day but an increase in LNG send-out […]