Uncategorised

Reduced, but still robust wind generation levels also helped keep overall gas demand subdued With temperatures remaining above the seasonal norm across Ireland and the UK, demand on the UK gas system remained some 80MCM, or 25%, below normal for this time of year. Reduced, but still robust wind generation levels also helped keep overall […]

The NBP gas market made a valiant to recover some of the losses from the previous session UK gas demand declined day on day as the projected increase in wind generation materialized and demand from conventional generation dropped.  As a result, forecast demand was projected at 220MCM with supplies running close to that figure and […]

The positive supply-demand balance saw prompt and near futures gas prices fall again Heating demand fell below 200MCM for a weekday for the first time this year. Although gas-fired power demand remained high due to low wind availability, overall demand on the UK gas system averaged just over 250MCM and deliveries maintained a 5MCM cushion […]

 Demand on the UK gas system fell further Gas prices at the NBP relinquished most of Thursday’s gains on Friday which was enough to see the market finish lower for a third consecutive week. As demand on the UK gas system fell further with rising temperatures, gas prices shed premium across the board on the […]

UK gas demand remained below the norm UK gas demand remained below the norm yesterday as supplies for power generation reduced to 37MCM leaving gas demand just above 200MCM. The system ran long for much of the session, but concerns were raised that the severe cold snap in Texas which has interrupted power supplies across […]

Prompt gas prices fell by an average of a penny per therm Above normal temperatures and strong wind generation levels saw demand on the UK gas system fall for a third consecutive day. The system was again well-supplied with demand remaining below 250MCM throughout the day. Early gains on the UK gas market were reversed […]

The gas market was in relatively benign mood in early trading For the second day in a row temperatures across the UK and Ireland remained above the seasonal norm and gas demand fell off as a result.  Demand forecasts for Tuesday were coming in just below the 267MCM mark and line pack was expected to […]

 Prompt and near futures gas prices at the NBP fell sharply again Temperatures recovered substantially quelling heating demand across the UK and Ireland on Monday. Prompt and near futures gas prices at the NBP fell sharply again as demand moved below 300MCM with the rapidly rising temperatures. Although well below Friday’s near record highs, wind […]

 Near futures contracts recorded modest gains following the steep losses of the previous 3 sessions While temperatures remained well below the seasonal norm, demand on the UK gas system fell significantly as wind generation provided almost 30% of GB power demand on Friday. The surge in wind generation reduced gas-fired power demand and the gas […]

 High LNG send out calmed fears of tight supplies in the UK High LNG send out calmed fears of tight supplies in the UK yesterday pressuring the prompt and futures market. In December and January concerns were raised of LNG cargoes being diverted to Japan while the EAX, the Asian LNG price, soared on account […]