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Gas Market UK gas prices showed a strong upward trajectory in the early hours of trading yesterday, but eventually retreated to settle marginally higher day on day. LNG cargoes are starting to head towards the east, as LNG prices have started to increase there. However, strong storage build up and the industrial demand destruction has […]

Gas Market Forecasts for lower renewable generation for the week ahead pushed up prompt prices on the NBP all save for the spot which was on the only product to post a loss.  Near months also firmed yesterday with the July and August months settling over 3.00p higher on the day.  Contracts from the winter […]

Gas Market Gas prices fell on Tuesday bucking Monday’s upward movement illustrating the volatility that still remains at European gas hubs. Strong upward movement was reversed yesterday with contracts trading strongly in early trading before a collapse across late morning and into the afternoon. The front month, July, retreated below 60 pence per therm, having […]

Gas Market European gas prices jumped higher yesterday, with the near curve taking the brunt of the upward drive. The front month contract July closed 12.27p higher at 67.22 pence per therm while Q3 23 made strong gains, settling 10.99p higher at 72.88p. Maintenance operations affecting capacity at several gas facilities in Norway supported the […]

Gas Market The UK gas market experienced flat price movement on Friday, although all contracts remained in negative territory over a five-day average. The front month contract reached a peak of 56.62 pence per therm before retracing and closing at 54.95 pence per therm, up 0.68 pence per therm on the day. It was a […]

Gas Market Illustrating the nervousness and risk still in European gas markets, prices declined on Thursday losing value far in excess of the gains they made on Wednesday. With the market on a hair trigger the news on Wednesday of a leak and a LNG plant in Norway caused gas prices to surge. However, the […]

Gas Market European gas markets experienced an upward movement yesterday, driven by a production halt at a Norwegian LNG plant caused by a leak. The leak resulted in an impact volume of 18 MCM. It’s important to note that this facility had been on shutdown since May 4th and resumed operations on May 27th. Consequently, […]

Gas Market Following the long weekend in the UK the NBP gas market was a mixed basket on Tuesday. Following the recent sell off, near term contract out to September all traded higher on the back of reduced LNG send-out. Two key UK terminals, South Hook and Isle of Grain, both reduced send out while […]

Gas Market NBP futures contacts continued to shed premium on Friday as the UK headed into a long weekend.  The declines on the seasonal contracts for the front winter and next summer averaged almost 6.00p while the near months eased by around 2.00p on the day.  This brought the loss for the week for the […]

Gas Market There was a significant downward shift in NBP contracts for the winter and next summer yesterday as energy prices across Europe weakened.  European storage gas supplies are at over 65% of capacity and have reached this level sooner than anticipated.  Storage gas reinjection has been aided by low demand and ample LNG supplies […]