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 UK gas market experienced a significant downward correction The UK gas market experienced a significant downward correction yesterday as the short-term supply outlook improved.  Prompt and near futures contracts shed 18 to 22 pence per therm on Thursday as near term supply is forecast to improve with increased UK indigenous deliveries and falling demand due […]

Near futures prices gained up to 30.00p The recent volatility on European gas markets reached new extremes on Wednesday with prices for the winter months finishing at new record highs.  Having broken above 150p per therm on Friday last, UK gas prices for the mid-winter months traded at almost 200p for much of the day […]

There was a significant amount of volatility within day Gas markets in the UK and across the wider European region surged higher once again on Tuesday with significant premium added to most contract periods.  The market was up by over 10.00p on opening and extended these gains throughout the session.  In the early part of […]

Prompt prices at the NBP finished over 12.00p higher Gas and power prices surged across Europe on Monday as the relentless bull run continued to drive prices to new record highs.  Maintenance works on Norwegian natural gas supplies to Europe via Zeebrugge meant much of the increased flows to the UK yesterday were bound for […]

The UK gas system maintained a positive supply-demand balance The UK gas system maintained a positive supply-demand balance throughout the trading day on Friday. The ongoing maintenance programmes on the Norwegian supply system are scheduled to begin winding up next week, improving the short-term supply outlook. Day ahead gas for today shed 1.95p while the […]

UK gas prices continued to spiral upwards UK gas prices continued to spiral upwards on Thursday with contracts for mid-winter months breaching the 150.00p mark before falling slightly towards the close of business.  The ongoing maintenance programmes on the Norwegian supply system saw Langeled flows drop below 30MCM yesterday.  Continuing uncertainty over Russian supplies and […]

There appears to be no end to the price increases on the UK NBP There appears to be no end to the price increases on the UK NBP as contracts set new record highs once again yesterday.  The setting of new record levels in now becoming a daily occurrence.  The market opened in a benign […]

Contracts further out the curve recorded modest losses The NBP front months closed at new record highs on Tuesday after Gassco, the Norwegian gas operator posted news of further maintenance from today.  Work is set to ramp up at the Troll field and up to 113MCM of capacity could be offline for the next few […]

 Prompt gas prices increased Reports that the Nord Stream 2 pipeline could be operational within days saw European gas prices dip early yesterday.  The reality that only commissioning gas might flow and that commercial deliveries might not flow until the end of the year saw UK gas prices surge again with prices for the winter […]

UK gas prices did ease a little on the day Restricted Norwegian deliveries and low LNG send-out saw the UK gas system relying on storage withdrawals to maintain balance on Friday. In what would normally be storage injection season, the coincidence of late summer maintenance programmes and a dearth of LNG shipments to the UK […]