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Further Russian supply interruptions via the Nord Stream 1 The UK NBP market reversed some of the recent losses posting marginal gains in a turbulent session yesterday. Further Russian supply interruptions via the Nord Stream 1 fuelled concerns surrounding the winter storage levels, with contracts for a Winter 22 delivery experiencing the greatest pressure. The […]

 UK prompt prices slumped during Friday’s session UK prompt prices slumped during Friday’s session, after testing March high’s earlier in the week. The day ahead contract settle at 263.00p/therm, down 52.00p/therm while the spot contract ended the day in similar territory at 262.00 pence per therm, down 52.05 pence. Near curve gas prices followed a […]

The volatility in the gas markets continued into Thursday The volatility in the gas markets continued into Thursday with early trading on the near NBP curve at or just below Wednesday’s close.  The August contract drew much of the attention on the day as it was the last day of trading on the ICE trading […]

 The front month August contract surged UK NBP Gas contracts pushed higher during the early part of the session yesterday as risk premium continued to build. The prospect of a total shut down of gas supplies from Russia dominated the market with key contracts getting to levels that made prices unsustainable. Gazprom’s threat to reduce […]

Gazprom indicated that flows into Western Europe would be reduced Gas markets across Europe continued to digest the news that flow via the Nord Stream 1 pipeline could face further disruption as Gazprom insisted that work on key turbines was not yet completed.  The Russian state gas company indicated that flows into Western Europe would […]

Gazprom indicted on Monday that further delays may be on the horizon The overriding upward sentiment in the UK gas market continued during Monday’s session, as uncertainty surrounding Nord Stream flows prevailed. The front month contract August made gains of 8.29 pence per therm to settle at 320.47p. However, the uptick was more evident further […]

 The opening gains to NBP futures were held through the session on Friday The opening gains to NBP futures were held through the session on Friday while the prompt reversed the increases and settled lower.  The National Grid proposed to increase exports through the Balgzand Bacton interconnector by 25% to assist Europe in reaching their […]

Damaged filters halted flows on the Bacton Zeebrugge With the return of Nord stream 1 following maintenance, the gas markets softened through the morning but later in the session much of the early gains were reversed.  Confidence in Russian gas supplies is still shaky, and the market reflected that yesterday as August and September ended […]

The UK gas market extended strong gains for the second session in a row The UK gas market extended strong gains for the second session in a row as the market continued to fret about the return of the Nord Stream 1 pipeline from annual maintenance.  The gains came despite the fact that Vladmir Putin […]

The UK gas system ran short for much of the day  The UK gas system ran short for much of the day yesterday with an outage and the FLAGS field reducing some Norwegian flows in the UK.  The outage is expected to be resolved quickly but news that Gazprom had issued letter to continental European […]