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Gas Market NBP gas prices returned to decline on Friday following confirmation from Chevron that they expect the issue at the Wheatstone LNG facility to be rectified by the 27th of June. The news eased some of the concerns for a prolonged redirection of LNG from European shores to Asia in order to cover the […]

Gas Market Gas prices relinquished early gains on Thursday as contracts on the NBP curve closed almost flat or slightly higher. The front month peaked at 87.50p per therm driven by concerns of tighter global LNG supplies after Chevron’s LNG offshore plant at Wheatstone was shut down earlier in the week.  The Australian LNG producer […]

Gas Market  Concerns of tighter LNG supplies continued to prop up NBP futures for the remaining summer months yesterday while the prompt reacted to gains on the Dutch TTF as the unplanned outage at Visund restricts supplies to the Netherlands.  An extended heat wave in Asia has increased demand for LNG while supplies from Australia’s […]

Gas Market Gas prices declined marginally Tuesday afternoon despite contracts trading in positive territory for much of the session. The Jul-24 contract traded up to 83.50 pence before a decline in late afternoon saw the contract fall to 81.09p/th. Prices were supported in early morning following news from Australia of an unplanned issue at the […]

Gas Market Yesterday’s early losses of around 2.00p per therm were reversed during the afternoon session as prompt and near futures were supported by gains on the TTF and higher U.S. gas prices.  Dutch gas prices were spurred on by reports of an unplanned outage at Norway’s Visund field which will curb flows to the […]

Gas Market As had been indicated by the trades following settlement on Thursday, NBP contracts all traded lower across Friday’s session. Repair work on the Sleipner Riser platform was completed as scheduled, and the Nyhamna processing plant returned to operations. As a result, gas flows from Norway via the Langeled pipeline returned, peaking at a […]

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 […]