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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 […]

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.  […]

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 […]

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 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 […]