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The near curve on the NBP opened the week stronger The near curve on the NBP opened the week stronger but the gains were not sustained, and contracts reversed the morning premium and traded below Fridays close for much of the session.  The front month, May, settled at 244.06p, down 13.26p posting the greatest loss […]

 The UK gas market corrected significantly lower The UK gas market corrected significantly lower during trading on Friday even though Russia’s threat to shut off supplies was still pending.  The UK NBP shed 40.00 in a sell off that began in mid-afternoon.  Gas flows from Russia into Western Europe continued through two of the three […]

Early price pressure saw contracts extend gains The final settlement price on the UK gas market yesterday did not tell the full story of the NBP curve in what was another volatile day of trading.  Early price pressure saw contracts extend gains for a fourth session in a row.  The April contract settled for the […]

 German Economy Minister issued an early warning of possible gas supply rationing The German Economy Minister issued an early warning of possible gas supply rationing for the country yesterday which prompted gas prices across Europe to open stronger. Germany is one of the many EU nations in dispute with Russia after Moscow looked for payment […]

The GB gas markets settled higher for a second day this week The GB gas markets settled higher for a second day this week as near curve contracts recovered most of the losses recorded on Friday.  The April contract moved higher by 17.65p to settle at 263.42p. Likewise, the summer contract closed at 264.56p, up […]

 Gas fundamentals were comfortable yesterday Gas fundamentals were comfortable yesterday as warm weather continued and gas demand operated at 250MCM and below the seasonal norm.  The system ran with a small surplus during the day despite a reduction in LNG send out to below 90MCM.  There was ample gas supply and strong nominations through the […]

On the UK gas market contracts traded in both directions European gas market continued to digest the news that a broad agreement had been reached between European leaders and the U.S. that the reliance in Russian gas would-be reduced.  The EU and U.S. have agreed a deal for substantial supplies of LNG to be delivered […]

NBP futures had opened firmer on Thursday The EU leaders with Mr. Biden agreed a further round of sanctions on Russia yesterday but the EU were divided on whether to impact Russia’s gas and oil exports.  In other talks the U.S. President said U.S. LNG exports to Europe could be increased to lessen the block’s […]

Gas futures prices surged higher on Wednesday Gas futures prices surged higher on Wednesday as the outage at the Troll field will run on for longer than originally touted on the Gassco website. Around 30MCM of supply has been impacted due to a compressor issue, the Norwegian system operator had expected the repair to only […]

LNG flows remains stable and strong and at no stage did the UK system fall into deficit An outage at the Troll gas field in Norway allowed the UK gas market to recover some of the premium lost in the previous session.  The unplanned outage was announced by the operator Gassco but there were no […]