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Gas Market Natural gas futures across Europe rose sharply on Monday on the back of news that workers at key Australian LNG facilities could commence strike action by the end of next week.  Fears that a prolonged dispute could lead to LNG cargoes being diverted to Asia to compensate for the loss of Australian supplies.  […]

Gas Market After a volatile opening, NBP futures settled down and traded in a narrow range for the rest of Fridays session as traders awaited more news on the potential strike in LNG facilities in Australia, as ballots opened for workers on Friday for the strike vote. The Troll gas field in Norway is set […]

Gas Market Prompt prices for the NBP dropped in value on Thursday with GB gas demand expected to ease as wind generation increases going into the weekend. The Spot fell by 5.20p per therm on the day while Friday’s price declined by 4.95p.  The threat of industrial action by workers at Australian LNG plants still […]

Gas Market UK gas prices fluctuated on Wednesday as traders gauged the impact of full inventories against potential supply disruptions at Australian liquefied natural gas (LNG) facilities and Norwegian maintenance. Latest data from Gas Infrastructure Europe shows gas storage levels have effectively reached the 90% target mandated by the European Union for Nov 1st. Woodside […]

Gas Market Gas markets spiked on Tuesday due to renewed concerns for LNG supply originating in Australia. Near curve prices took the brunt of the increases as the front month September hit an intraday high of 102.01 pence per therm before falling off slightly before the close, being assessed at 98.43p, an increase session on […]

Gas Market European gas markets grappled with uncertainty throughout Monday, resulting in a lack of clear direction. An initial uptick across the UK gas curve during early trading subsided in the late afternoon, however losses were marginal on long dated contract as a threat of risk premium persists. Significant volatility was evident in the front […]

Gas Market After two days of volatility the NBP futures market was more benign on Friday as movement on the day was within a penny either way save for the two front months.  The markets rose sharply on Wednesday on the back of news that Australian workers at key LNG facilities threatened strike action raising […]

Gas Market It was another volatile session for the NBP futures market but the swings in natural gas futures prices were not as wide as was witnessed on Wednesday. The threat of striking action by workers at Australian LNG facilities rippled through the European energy markets on Wednesday creating fears that LNG tankers bound for […]

Gas Market NBP futures had one of their most volatile days in 2023 as workers at Woodside Energy Group and Chevron’s liquefied natural gas (LNG) facilities in Australia voted to strike on Wednesday, which could lead to a more competitive market for global LNG. Collectively, monthly exports from the facilities equate to around 11% of […]

Gas Market NBP futures flip flopped between positive and negative territory throughout the day, with most contracts settling relatively flat over the session. European Storage levels are in a healthy position for this time of year at 90%, however there is concern in the market that there could be additional delays to upcoming planned maintenance […]