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 Natural gas futures edged higher through the morning eroding the earlier losses Having opened softer on Tuesday, natural gas futures edged higher through the morning eroding the earlier losses. Near curve contracts settled marginally higher while contracts covering the summer and next winter months held gains of around 5.50p. The tensions between Russia and Ukraine […]

Rising tensions along the Russia-Ukraine boarder send gas prices higher The rising tensions along the Russia-Ukraine boarder send gas prices higher on Monday while a short gas system supported the spot and day ahead products.  The remaining winter months on the NBP curve gained over 35.00p yesterday after early reports that the U.S. ordered diplomats […]

 The UK gas market experienced a volatile session on Friday The UK gas market experienced a volatile session on Friday as prices opened higher and held on to most of these gains to the close.  At one stage the front two months were up by over 17.00p with Summer 2022 prices also trading up by […]

Wide bid/offer spreads were a feature on most contracts Forecast gas demand in the UK increased to 356MCM on Thursday as cooler weather and strong CCGT generation demand impacted.  The system was struggling to cope early on a deficit of 8MCM was present for much of the day.  LNG send out was initially 108MCM but […]

GB gas demand was well below Tuesday’s levels due Early losses to NBP natural gas futures were pared back a touch over the day on Wednesday but contracts out to next winter held on to losses of just over 6.00p.  A further 12 vessels of LNG are expected to land at British terminals by the […]

Norwegian imports continued to be dogged by the issues The GB gas system operated with a deficit for most of Tuesday as demand of 342MCM was eventually met by increased storage gas send out along with robust LNG supplies of 125MCM on the day.  Norwegian imports continued to be dogged by the issues as Langeled […]

UK gas prices opened lower this morning UK gas prices opened lower this morning despite the arrival of colder weather across much of the region.  The cold snap is expected to remain for the next number days and flexible gas supply will be key during this period.  The outlook for continued strong deliveries of LNG […]

Friday yielded another volatile session for the NBP Friday yielded another volatile session for the NBP as early morning gains to the front of the curve were paired back later in the session.  The summer contract rose by over 20.00p per therm in the early part of trading but settled at 162.94p, just 6.01p higher […]

Issue at the Troll field could restrict gas flows to the UK by 26MCM A late report of an outage reducing imports of gas from Norway caused prompt and near month contracts on the NBP to surge yesterday afternoon.  The issue was at the Troll field and could restrict gas flows to the UK by […]

NBP gas futures and prompt prices reversed tack Having opened firmer on Wednesday, NBP gas futures and prompt prices reversed tack, and ended the session significantly lower.  The remaining winter months averaged losses of 10.00p while prompt products shed between 11.00p and 15.00p yesterday.  The mild winter weather so far along with the arrival of […]