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Gas Market  Thursday saw NBP prices trade sideways as contracts oscillated close to Wednesday’s close for much of the session. With confirmation on Wednesday that the leak at the Sleipner Riser platform should be rectified by Friday, and a plan for the ramp up in production capacity at Nyhamna released, the market was directionless as […]

Gas Market  Gas prices continued to decline in the latter half of Wednesday’s session following a period of sideways trading in the morning. Further confirmation Wednesday afternoon of the return of the Nyhamna processing plant following the completion of repairs at the Sleipner Riser platform helped prices ease lower. Norwegian system operator confirmed that 35 […]

Gas Market Gas prices tumbled on Tuesday with prices declining to levels below last Friday’s closing assessment. News emerged from the operator of the Sleipner Riser that the crack in the pipeline is set to be repaired and the platform operational from Friday. The risk premium that had found its way into prices due to […]

Gas Market The front month gas contract has increased by 2.32p/th over the course of the last two traded sessions. Prices declined on Friday with the planned maintenance scheduled to come to an end, and only 2mcm of maintenance expected for this week. However, Monday saw Friday’s losses reversed, and additional risk premium fed into […]

Gas Market Planned maintenance on the Norwegian Continental Shelf was responsible for removing 63.6mcm/day from the supply mix yesterday. These absent volumes were the main contributor to the market upside, despite the UK system moving into a long position as the day progressed and demand levels being below the seasonal norm. The Day ahead contract […]

Gas Market As the annual maintenance activity continued gas prices oscillated near to Tuesday’s close, with NBP curve contracts eventually closing marginally higher on Wednesday. Prices flip flopped between gains and losses for much of the session caught in a tight range. Adding support and preventing contracts from falling was the continued unplanned outage at […]

Gas Market NBP prices declined marginally in what appeared to the casual onlooker a benign market, but the day-on-day movements were not a true reflection of the market. In early trading news of an unplanned outage on the Kollsnes processing plant caused markets to spike, with the front month contract reaching an intra-day high of […]

Yesterday, the UK gas and power markets were closed due to a UK Bank Holiday. On the Dutch TTF market price movements were limited, although upwards in thin trading. The TTF Day ahead market increased by €0.25/MWh, equivalent to a 0.69p/th movement. Carbon too was also moving higher but was once again the volume traded […]

Gas Market The unplanned outages at Kollsnes and the Troll field were resolved on Friday which returned some comfort to the markets and gas prices eased.  There are still some planned maintenance works ongoing at Norwegian plants, but these are scheduled to wind down over the next week or so.  Concerns about tight supplies in […]

Gas Market There was another volatile day for the gas markets yesterday as the near NBP curve reacted to unplanned outages and gains in Europe.  Reports that Russian gas supplies through Ukraine to Austria may be cut boosted European gas prices yesterday. The market has concerns that the threat to supplies could go further and […]