Gas Market Planned maintenance continued at Troll and Kollsnes yesterday which kept prompt and the near curve buoyed through the session. Nominations through the Langeled line picked up later in the day giving hope that full capacity would be available following the planned maintenance works however the prompt and near curve retained the early premium. […]
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Norwegian maintenance continued to impact on gas supplies to the UK and the Continent.
Gas Market The outage at the Kollsnes processing plant and the Troll gas field supported prices yesterday despite the UK system remaining over supplied for much of the day. The impact of the outage was more pronounced on the continent where the increase in prices on the TTF was greater than the 2.1% witnessed on […]
Spot for NBP prompt is down over a penny this morning
Gas Market Concerns of tight supplies drove natural gas prices higher across Europe on Monday. With low wind forecast for much of the northern continent and planned maintenance on key Norwegian processing sites due to start on Tuesday prompt prices rose by up to 4.00p per therm yesterday. Gas demand is expected to pick up […]
Gas prices crept higher in a benign market on Friday with no major change to fundamentals
Gas Market Gas prices crept higher once again on Friday as the front month added 1.33p/th closing at 74.36p/th. The contract ebbed and flowed in a tight range of 73.8p/th and 74.7p/th for the majority of the day. The contract did test lower at 73.06p/th and a high of 74.96p/th, but traded volumes at those […]
Crude oil prices were buoyed by latest U.S. economic data yesterday
Gas Market Low wind generation and concerns of slowing LNG deliveries boosted the prompt yesterday. Fundamentals remain healthy but the markets have concerns around LNG deliveries with just the second cargo of the month due at GB ports by the start of next week as prices in East Asia prove to be more attractive. Forecasts […]
Carbon EUAs are down by around 20 cent per tonne this morning
Gas Market The early gains to near futures on the NBP curve yesterday morning were stretched out to just over 2.00p per therm but then prices contracted. The gains were pared back with most remaining summer month contracts trading below Tuesday’s close. Prices oscillate to the end of the session leaving the near curve to […]
Global LNG supply concerns support European gas prices
Gas Market Gas prices moved marginally higher on Tuesday with the front month gaining a mere 0.42p/th, and July increasing by 0.41p/th. Supporting near curve prices was a reduction in wind power generation forecasts that will likely increase demand for gas over the next week to ten days. Larger gains were witnessed on the far […]
Gas prices continued to decline on Monday in the midst of improving supply fundamentals
Gas Market Following the end of maintenance imports from Norway via the Langeled pipeline increased by 37% on Monday compared with Friday. The increased supply coupled with continued weak demand kept the UK system oversupplied for the day and weighed on NBP contracts. The front month slid by 1.42p/th at the close as Jun-24 edges […]
Norwegian gas supplies return after planned maintenance
Gas Market With the Norwegian seasonal maintenance ending without issues gas prices across Europe declined on Friday. After a fairly directionless morning, fundamentals took over and the near months on the NBP settled an average of 2.50 per therm lower. Forecasts for warmer than normal temperatures along with increasing wind power is expected to keep […]
The NBP front month continues to oscillate in the low to mid 70p/th range while large scale maintenance continues in Norway
Gas Market The NBP gas market remains quite directionless with gains one day, reversed the next as the market ebbs and flows through the current spathe of maintenance on Norwegian gas fields and assets. Thursday saw a reversal of Wednesday’s losses with flows through Langeled remaining suppressed due to the continued planned outages at the […]
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