Uncategorised

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 […]

Gas Market The Norwegian Troll field returned to production following unplanned outage last week, however prices reversed Friday’s losses as contracts out to Summer-24 all gained in value. Traders were eyeing further upcoming scheduled maintenance at the end of August that will extend into September which helped support the prices. The September contract gained 3.56p […]

Gas Market Concerns over the outage at the Troll gas field continued to prop up the prompt and near NBP curve months on Thursday.  The fault was discovered during routine planned maintenance works and impacts just 12mcm/day but the fact that Gassco, the Norwegian gas operator, is still uncertain when the issue will be resolved […]