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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 […]

 Gas supply concerns in the UK eased on Thursday Gas supply concerns in the UK eased on Thursday leading to gas prices tanking on the prompt and futures market. The prompt and near futures contracts shed between 1.75p and 2.40p while gas demand was still strong at around 10% above the seasonal norm. Supplies were […]

The day ahead contract gained just over a penny Colder weather saw demand on the UK gas system increase to 315MCM on Wednesday. An early supply surplus of 15MCM was halved over the course of the trading day but the system remained in surplus at close of business. The day ahead contract gained just over […]

 Early trading on the UK NBP futures market saw contracts tick up once again Having opened with a surplus of 20MCM, an intraday revision to forecast demand saw it move to 316MCM and the system remained in balance from that point on.  Colder weather is expected in coming days, but all the signs are that […]

Demand on the UK gas system fell below the seasonal norm yesterday With rising temperatures and increased wind availability, demand on the UK gas system fell below the seasonal norm yesterday. An early supply surplus of 40MCM was gradually reduced as supply fell back and demand increased over the course of the day. Increased wind […]

 Prompt gas prices increased again on Friday As cold weather persisted, UK gas demand increased to 325MCM on Friday morning and the system was forecast 15MCM short. The system remained in deficit as deliveries lagged demand throughout the day and finished 7MCM short. Following a reversal on Thursday, prompt gas prices increased again on Friday […]