Uncategorised

Prompt and near curve gas prices on the NBP continued upward Prompt and near curve gas prices on the NBP continued upward on Thursday as concerns of tight supply remains the main driver.  UK storage facilities usually restock during the summer months but yesterday, reserves from the Stublach site were employed to balance the GB […]

 UK gas prices moved higher once again Following a muted opening, UK gas prices moved higher once again in tandem with higher crude oil and carbon prices.  There is no doubt that the higher crude oil price in now combining with the strong Asian LNG demand and low gas storage stocks to provide significant support […]

UK NBP gas market remained elevated on Tuesday The UK NBP gas market remained elevated on Tuesday with further premium added to contracts over the course of the day.  The ongoing issue at the Karsto field in Norway is adding to the negative sentiment and flows via Langeled remain relatively low.  Concerns regarding LNG deliveries […]

Prompt prices had increased from the get-go Having opened with sharp gains on Monday, both the NBP prompt and futures markets fell back late in the session retracing the majority of the day’s gains.  Prompt prices had increased from the get-go as concerns of surging demand for LNG in Asia could inflate prices further while […]

The UK gas markets surged ahead on Friday The UK gas markets surged ahead on Friday as concerns of tight supplies for the weeks ahead heightened.  LNG exports from the U.S. has been lower for the first half of June as unplanned outages hampered supplies. Meanwhile Norwegian imports remain curtailed due to maintenance works while […]

An early supply surplus on the UK gas system was reversed An early supply surplus on the UK gas system was reversed and the gas system fell short from midday to close of business. Demand increased as renewable power generation levels fell to just 2.5MCM and gas-fired generation was called on to supplement power demand. […]

 The UK gas system ran short throughout the day An unplanned outage on the Karsto field and ongoing planned maintenance on the Norwegian gas system saw Langeled deliveries fall below 20MCM yesterday. The UK gas system ran short throughout the day as a result but despite the supply deficit, prompt gas prices fell by an […]

UK gas prices remain elevated The UK NBP gas market opened lower on Tuesday and prices eased further over the course of the session.  While the downward movement was a welcome development, UK gas prices remain elevated and much of the premium added in recent days remains.  The front month July contract fell to a […]

 The UK gas market remained highly volatile European gas prices moved higher on Monday as Norwegian deliveries fell off and LNG deliveries slowed.  The UK gas market remained highly volatile as the week started on a bullish note with prompt gas prices stepping sharply higher.  Demand on the UK gas system averaged just 110MCM on […]

UK gas system was more comfortably supplied on Friday The UK gas system was more comfortably supplied on Friday as increased Norwegian deliveries and lower export demand saw the system running an average of 10MCM long with overall demand running some 40MCM below the seasonal norm.  The spot gas price at the UK NBP stepped […]