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UK gas demand was above the seasonal norm LNG prices in East Asia continued to ease yesterday and this gave some comfort to the prompt and near curve contracts on the NBP. Declines of up to 2.60p were recorded by prompt products yesterday as contracts settled between 64.00p to 65.00p. There was less volatility evident […]

4-day rally culminated in a day-on-day surge in the front month price of 16% Following 4 days of strong gains, the UK gas market adjusted lower on Wednesday. The previous 4-day rally culminated in a day-on-day surge in the front month price of 16% and a week-on-week increase of 42% on Tuesday, the market was […]

The front month February contract opened up with penny increase Once again yesterday the UK NBP market displayed remarkable volatility with prices swinging by significant levels throughout the session.  The front month February contract opened up with penny increase which was modest enough given what happened in the remainder of the session.  This contract traded […]

The volatility on the UK gas market seen last week continued on Monday The volatility on the UK gas market seen last week continued on Monday amid concern for LNG supplies for the remainder of the winter period. Severe weather conditions in Korea and Japan have led to increased demand and LNG prices which are […]

 Day ahead gas also saw some stepped movement over the week The highly volatile trading pattern over the 5 days saw losses and gains on the front month contract of over 5.00p last week and a week-on-week increase 4.29p. Sub-zero temperatures and high gas-fired power generation demand stretched the UK gas system balance at times […]

Gas demand was around 20% above the seasonal norm The GB power and gas markets opened with significant gains on Thursday and the markets continued to firm through the day as temperatures remained just above 0°C. Gas demand was around 20% above the seasonal norm at 405MCM yesterday and an increase in gas fired power […]

 Slight system deficit during the day saw prompt gas prices increase marginally As cold weather continued to prevail over Britain and Ireland, demand on the UK gas system increased to 386MCM yesterday. The system slipped into deficit mid-morning and only recovered balance at close of business. Tuesday’s sharp downward correction on the UK gas market […]

The gas system ran with a surplus of 16MCM Following a strong run up in gas prices over the Christmas period and early into the New Year, gas markets reversed track on Tuesday with significant losses evident across the UK NBP curve.  Much of the pressure was on the front of the curve where at […]

With cold weather continuing, demand on the UK gas system remained at similar levels to last week With cold weather continuing, demand on the UK gas system remained at similar levels to last week. The sterling rally against the euro on Thursday proved short-lived and the pound was trading at around 1.10 to the euro […]

Cold weather and poor wind availability across Britain saw heating and gas-fired power demand hit new season-to-date highs Cold weather and poor wind availability across Britain saw heating and gas-fired power demand hit new season-to-date highs, pushing overall gas demand to almost 350MCM. An early supply deficit was balanced by close of business as LNG […]