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The near curve rebounded yesterday After two days of declines the near curve rebounded yesterday following renewed concerns for winter gas supplies.  Russian gas flows to Germany through Poland fell yesterday which raised concerns of a slower restock in European gas storage facilities.  Later threats of cutting off gas supplies to Europe from the Belarus […]

 Gazprom’s storage in Germany disappointed the markets yesterday The much-anticipated arrival of Russian gas for injection to Gazprom’s storage in Germany disappointed the markets yesterday with only minimal quantities flowing.  Net storage volumes actually decreased yesterday as withdrawals outstripped injections and early bearish sentiment on European gas markets was softened.  Near futures prices which had […]

 Flows of Russian gas came through the Yamal pipeline Arriving a day late, the resumption of Russian gas flows into Germany was a welcome development albeit the quantities proved to be disappointing.  Flows of Russian gas came through the Yamal pipeline and resulted in some positive sentiment across broader European markets.  UK NBP gas contracts […]

Demand on the UK gas system crept higher The anticipated resumption of Russian supply via the Yamal pipeline failed to materialize yesterday, pushing Western European gas markets higher on the day.  Demand on the UK gas system crept higher, despite increasing wind generation over the course of the day on Monday.  Overall demand remained below […]

Gas demand in the UK fell on Friday Forecast milder weather and lower heating demand this week helped ease prompt gas prices on Friday.  Gas demand in the UK fell on Friday as wind generation increased and prices for the week ahead and balance-of-month shed 6.00p.  The day ahead for today was up 2.00p however […]

Russia has committed to replenish European gas storage NBP gas futures eased on Thursday after a choppy day of trading when Russian gas imports to Germany picked up through the entry point at Mallnow.  Gas markets across Europe fell late into the session after the German gas operator indicated the import nominations at Mallnow on […]

 Concerns over Gazprom’s ability to replenish storage facilities Russian supply to Germany via the Yamal pipeline remained at zero for a second consecutive day.  This raised concerns over Gazprom’s ability to replenish storage facilities in Germany from next week as predicted and following 2 days of relative calm on European gas markets, prices moved significantly […]

The full calendar 2022 gas contract has been in decline The full calendar 2022 gas contract has been in decline for multiple sessions, but this downward trajectory was somewhat halted on Tuesday as prices were firmer at the close.  The higher finishing point did not tell the full story however as gas contracts moved between […]

A halt to gas flows from Russia to Germany via Poland saw gas prices surge A halt to gas flows from Russia to Germany via Poland saw gas prices surge on Monday morning but the markets settled with only minor gains on the front month at close of business. The general strength of UK supply […]

 Encouraging news of progress towards approval of the Nord Stream 2 project The encouraging news of progress towards approval of the Nord Stream 2 project last week was boosted by news on Friday that Russia is about to increase injection rates to storage reserves in Austria and Germany. Gazprom has almost reached target storage capacity […]