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The UK system remain undersupplied throughout the session on Friday UK gas markets ended the week higher on Friday after oscillating between daily gains and losses. Contracts for the front month of December slipped 3.23p to finish the day at 288.46p a therm. Further out, moderate gains were observed with the 2023 contract adding 1.22p […]

 The day ahead index for the NBP settled at its highest level for the month The day ahead index for the NBP settled at its highest level for the month yesterday as scheduled Norwegian maintenance works are expected to cut imports by 26MCM on Friday.  The spot closed 46.00p higher yesterday as the GB gas […]

Near NBP futures continued to firm Near NBP futures continued to firm on Wednesday with contracts for the remaining winter months settling an average of 21.00p higher on the day.  Prompt prices settled mixed with the spot declining by 2.00p while the day ahead product added 10.00p as both contracts settled near the 120.00p mark. […]

 The system remained under supplied throughout the session NBP gas futures surged higher towards the close of the session yesterday. Reports that the EU executive proposed a gas price cap for month ahead contracts have the potential to place additional demand on UK gas exports. Contracts for the front month of December traded as high […]

 UK gas markets experienced a day of mixed trading UK gas markets experienced a day of mixed trading yesterday as near futures contracts slipped marginally while prices firmed further out. Contracts for the front month of December shed 2.52p to settle at 268.99p a therm and Q1 23 dropped 2.20p to end the day at […]

 GB gas demand is expected to pick up this week GB gas demand is expected to pick up this week with cooler temperatures forecast for the week while lower wind generation should also increase demand. The gas system was short on Friday and this provided support to the spot which settled 42.00p higher at 110.05p […]

 GB gas markets opened softer on Thursday The GB gas markets opened softer on Thursday, but losses were eroded late in the session on speculation of a delayed restart for the Freeport LNG facility.  The front month on the NBP curve, December, opened almost 20.00p down on the previous day’s close but settled just 1.88p […]

UK gas future contracts drifted lower on Wednesday UK gas future contracts drifted lower on Wednesday with the support of healthy near-term fundamentals. The front month contract December reversed the gains from the previous two session and settle at 269.73p, down 29.17 pence per therm. Near term fundamentals including ample LNG supply and healthy imports […]

 Yesterday was a day of two halves in the UK gas market Yesterday was a day of two halves in the UK gas market, with contracts opening higher from the offset before easing in the late afternoon to create wide margins between market highs and lows. The front month contract December peaked at 313.50p before […]

Gas futures surged higher on Monday Reversing the direction of the previous 3 days, gas futures surged higher on Monday as news that total UK demand was expected to increase by 10% to 272.00MCM due to reduced wind power generation. Further impetus to the increases came as gas imports via the Langeled pipeline were reduced, […]