Uncategorised

The UK gas market yesterday experienced another session of volatile trading The UK gas market yesterday experienced another session of volatile trading with wild intra-day swings. Initial gains for the remaining summer months 2022 as well as 2023 were eroded and by the end of play summer prices had retreated from earlier highs. In contrast, […]

The UK NBP market gained in the session yesterday The UK NBP market gained in the session yesterday amid erratic movements in trading throughout the day. Prices pushed higher across the board with seasonal increases of the order of 3.41% out to Winter 2025. The front months, July and August experienced gains of 5.02p and […]

The prompt also settled higher yesterday The front month of the NBP curve relinquished the gains from the morning session on Monday, however, contracts from the winter out remained higher on the day.  Russian gas supply concerns drove European gas prices higher yesterday and all near contracts on the NBP curve, apart from July and […]

UK gas market extended losses for the second day in a row The UK gas market extended losses for the second day in a row as contracts gave up more of the premium that had been added earlier in the week. There was not one single factor which caused the selloff, but it was clear […]

The UK gas market experienced another extraordinary day The UK gas market experienced another extraordinary day with prices surging higher for much of the session as huge amounts of premium built up in forward contracts. The market continued to react to numerous supply risks. Gazprom indicated that flows via Nord Stream 1 could fall to […]

The UK NBP extended significant gains The UK NBP extended significant gains for third session out of the last four as new supply developments increased the risk for future gas supply.  The market continues to digest the news that the Freeport LNG terminal will not return to full capacity for three months and the reduction […]

News emerged that Gazprom had cut capacity on the Nord Stream 1 Near futures on the NBP curved opened with gains of around 10.00p on Tuesday but prices surged higher later in the session as news emerged that Gazprom had cut capacity on the Nord Stream 1 pipeline by around 40% to 100MCM.  The Russian […]

NBP prompt contracts made modest gains on the back of an unplanned outage The UK gas system was under supplied throughout the session for Monday which supported prompt prices on the day. Unplanned outages at Norwegian facilities cut upstream supply by 54MCM yesterday. The undersupply coupled with the limited wind forecast for coming sessions helped […]

Friday saw mixed movement on the NBP curve The UK gas market opened weaker following the large prices increases in the previous session when an explosion in a Texas LNG terminal caused the market to spike.  There was precious little news as to the likely duration at the LNG facility which reports have suggested at […]

Strong upward pressure on gas contracts for summer delivery European markets opened markedly higher on reports of an explosion at one of the largest U.S. LNG plants. The terminal in Texas accounts for 20% of US LNG production and could be restricted for three weeks. The news resulted in significant upward pressure on UK NBP […]