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NBP futures opened softer on Thursday NBP futures opened softer on Thursday with near curve contracts declining through to the afternoon before reports of a fire at a Russian gas plant spooked the market and near contracts moved over 4.00p higher intra-day.  The fire was at a gas line which feeds into northern Europe through […]

 UK gas system was finely balanced yesterday The UK gas system was finely balanced yesterday morning but demand increased slightly through the morning and with deliveries unchanged, the system fell into deficit.  The supply shortfall was minimal however and prompt gas prices gained only marginally as a result.  Overall demand was lower day-on-day as renewable […]

The UK gas system was better supplied The UK gas system was better supplied on Tuesday with the system opening long by some 15MCM as demand dropped off as cooler temperatures resulted in lower demand for cooling.  The lower demand for gas has resulted in some increases in storage injections.  The decline in the crude […]

UK gas system began the week in deficit The UK gas system began the week in deficit as renewable power generation fell off and gas-fired power generation was called on.  The early supply deficit on the system was reversed and supply outstripped demand slightly for most of the day yesterday.  Norwegian deliveries increased despite the […]

UK gas prices eased on Friday News of the return to service of the giant Norwegian Troll field from Tuesday helped bring some easing to UK gas prices on Friday for the first-time last week. Renewable power generation fell to half the previous day’s levels, adding significant extra demand to the UK gas system on […]

NBP continued to climb Natural gas futures on the NBP continued to climb into new territory on Thursday as Europe braces itself for tight supplies ahead of the winter.  Near futures rose steadily through the day with activity focusing on the August contract which expired on ICE yesterday.  Near months added an average of 3.50p […]

Prompt prices recorded moderate gains Declining LNG storage stocks and the ongoing restriction of Norwegian deliveries due to the Troll outage left the UK gas system in deficit for most of the day yesterday.  The UK gas market response was focused on the impact for mid-term supply as increasing wind availability relieved gas demand somewhat […]

Gas market opened firmed on Tuesday The gas market opened firmed on Tuesday morning extending the gains from the previous session.  these increases came about despite an improvement in gas fundamentals with the system operating with a surplus of 5MCM on a forecast demand of 128MCM.  The unplanned outage on the Norwegian Troll gas field […]

 UK gas market was in bullish mode The week began with similar volatility to last Monday, but the UK gas market was in bullish mode yesterday.  Near futures gas contracts gained almost 5% on the day with some mid-winter months hitting 95.00p.  The front month gained 4.55p to settle at 92.99p while the full winter […]

Overall renewable generation doubled day-on-day Overall renewable generation doubled day-on-day and The UK gas system maintained a supply surplus averaging 7.5MCM throughout the trading day on Friday.  The more comfortable supply situation was made possible by increased wind generation, reducing gas-fired power demand.  With no new price drivers in play, prompt and near futures gas […]