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UK gas system ran in surplus for most of the trading day on Friday The UK gas system ran in surplus for most of the trading day on Friday but a late dip in Langeled deliveries left the system with a 6MCM deficit at close of business. Summer maintenance on various Norwegian supply sources is […]

Gas prices strengthened for a third consecutive day Gas prices strengthened for a third consecutive day on Friday as LNG send-out declined. Weak European gas prices have seen LNG shipments from the U.S. cancelled and only 2 further deliveries from Qatar are forecast for the remainder of the month. Despite a slight fall-back on the […]

 Prompt and near futures gas prices gained Despite a slight fall-off in wind generation, demand on the UK gas system remained subdued on Friday. Deliveries fell short as demand increased to slightly above the seasonal norm and the system finished with a supply shortfall of 5MCM. Prompt and near futures gas prices gained with the […]

Gas market picked up on the surge in oil prices to record gains The gas market picked up on the surge in oil prices to record gains for a fourth consecutive day. The ongoing strong gains saw the front month contract gain almost 50% week-on-week. In a continuation of the recent pattern, contracts on the […]

Demand remained below normal levels for this time of year The UK gas system was again comfortably supplied throughout the trading day on Monday as demand remained below normal levels for this time of year with renewable generation providing over 60% of total power demand. UK gas prices reversed Friday’s gains with the front month […]

UK front month contract fell below 8.00p on Friday morning, its lowest in 22 years The UK front month contract fell below 8.00p on Friday morning, its lowest in 22 years before rallying later in the day to close at 9.46p, up marginally day-on-day. The slump in prompt and near futures gas prices seen earlier […]

Seasonal contracts beyond the front winter saw some significant gains Friday saw the UK gas system enjoy more balanced supply-demand than had been the case for some days. Demand on the system fell to near normal levels for this time of year as exports to mainland Europe were down significantly from levels of earlier in […]

Demand on the UK gas system has increased further overnight Demand on the UK gas system has increased further overnight as temperatures across Britain and Ireland dipped below freezing in many parts. The system remains well-supplied however with deliveries currently forecast to outstrip demand by 5MCM. Within day gas has yet to trade this morning […]

 Demand on the UK gas system rose to 225MCM Demand on the UK gas system rose to 225MCM as exports to the continent ramped up to 50MCM on Friday and deliveries into the system were forecast 10MCM short early on and remained so to close of business. Prompt gas prices rose on the supply shortfall […]