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Gas Market On Friday, the UK gas market showed relatively subdued activity, but contracts managed to end the week with gains. Notably, the recurring trend of risk premiums gradually accumulating at the front of the curve persisted, with the front-month contract climbing by 2.87p to settle at 82.14 pence per therm. Meanwhile, the Winter 23 […]

Gas Market The UK gas market softened on Thursday bringing a stop to the recent upward trend due to supply concerns. Chevrons two Western Australian plants are continuing to export LNG, despite a step-up in strikes and a fault at the Wheatstone plant that cut production by a quarter. Freeport LNG’s natural gas intake at […]

Gas Market NBP futures regained the premium lost in Tuesdays session on the back of further Norwegian maintenance extensions, cancellations reported at Freeport LNG and an announcement of planned maintenance on the BBL pipeline. The brunt of the upward pressure was on the front month October contract which ended the session 5.33 pence per therm […]

Gas Market Gas markets on Tuesday were essentially flat day on day. The front month, October, opened in positive territory before news hit the market that Chevron, the owner of the Australian LNG facilities, asked the Fair Work Commission to intervene in the negotiations with unions. In Australia the Fair Work Commission can force the […]

Gas Market On Monday, UK gas prices began their ascent and continued to push higher throughout the day. This occurred in tandem with ongoing strike actions at two major Australian LNG facilities, perhaps exacerbated by Chevron’s request for regulatory intervention. The front month contract October hit a high of 94.11p before eventually settling at 89.81p, […]

Gas Market Strike action commenced at Chevron’s Gorgon and Wheatstone LNG plants on Friday with industrial action set to step up to 24-hour stoppages from Thursday. The interruptions may not impact production for the first few days of the week but gas markets in Europe reacted to the news on Friday and near NBP curve […]

Gas Market The gas markets across Europe remained on edge yesterday as talks continued between unions and management to prevent industrial action at Chevron’s LNG plants in Australia.  NBP futures traded back and forth through the morning session, but it was the front month that experienced the most volatility as October traded between a high […]

Gas Market Tuesday saw prices take stock of Monday’s sell off as a choppy market closed the session with minor increases across the board for all forward contracts. The market fell in early trading as the sell off looked likely to continue across the day. However, news reached the market by lunchtime that the strike […]

Gas Market On Monday, the UK gas market witnessed the unwinding of risk premium, primarily impacting near term contracts, which contracts further along the curve appeared more resilient to the downward pressure. The front month contract Oct-23 lost 5.51p to settle at 81.25 pence per therm while Winter-23 shed 3.82p to end the day at […]

Gas Market The UK gas market displayed stability on Friday, with NBP contracts trading within a narrow range compared to the previous session. The front month contract October saw a marginal gain of 1.03p, settling at 86.76p, while the Winter 23 contract closed 0.13p higher at 124.55 pence per therm. One of the key focal […]