Uncategorised

Volatility returned to the UK gas markets on Thursday Volatility returned to the UK gas markets on Thursday with futures flipping between losses and gains all morning until the market finally started to rack up some momentum to settle an average of 0.75p higher.  Gains would have been stronger on the day but were partially […]

Demand on the UK gas system hit a new year-to-date low The Norwegian system summer maintenance programme ramped up to cause maximum disruption to UK gas supply with deliveries via the Langeled line falling to 20MCM on Wednesday.  While demand on the UK gas system hit a new year-to-date low, and the system retained an […]

UK NBP gas market opened higher on Tuesday The UK NBP gas market opened higher on Tuesday and gains were extended throughout the session as contracts across the curve added significant premium.  There was little change in the overall gas supply/demand status to merit this market movement, but prices firmed, nonetheless.  In fact, gas demand […]

Rising carbon prices led UK gas and power prices higher Despite low demand and a strong supply surplus on the day, prompt and near futures gas prices at the NBP recorded significant gains on Monday. Concerns are rising that low storage volumes will require high injection demand over the summer maintenance period and stretch into […]

 LNG deliveries to UK terminals are expected to improve the UK supply situation LNG deliveries to UK terminals are expected to improve the UK supply situation as planned maintenance cuts Norwegian deliveries over the coming weeks.  Eight LNG cargoes are due to berth at UK terminals over the coming 10 days.  A healthy supply margin […]

 Markets had opened firmer but early gains were relinquished later The UK gas system was well balanced on Thursday with demand remaining steady at 150MCM.  Norwegian imports along with LNG made up almost 80% of yesterday’s supply as storage facilities continued to replenish reserves. The markets had opened firmer but early gains of around a […]

UK storage injection stepped up significantly on Wednesday UK storage injection stepped up significantly on Wednesday, with demand otherwise weakening.  Overall demand remained well below the seasonal norm yesterday despite the increase in storage injection rates during the day.  Warm weather and moderately strong wind generation kept overalll demand below 150MCM for most of the […]

 Gas demand fell 30MCM below the seasonal norm With summer temperatures arriving over the weekend, gas demand fell 30MCM below the seasonal norm on Tuesday and the UK gas system ran supply surplus throughout the trading day.  LNG send-out remained strong, averaging 50MCM, or one third of total demand on the day.  Gas prices recovered […]

 Carbon EUAs eased for the second day running After a week of volatile trading in the UK gas markets, there was a bearish sentiment on Friday as temperatures are forecast to remain above normal for the next week or so while carbon EUAs eased for the second day running.  Prompt prices were pressured from the […]

 UK NBP gas futures settled significantly lower on Thursday UK NBP gas futures settled significantly lower on Thursday with nearly 3.00p of premium coming out of contracts.  This downward movement, while welcome, did not come about easily as a mid-day rally saw some contracts move into positive territory.  The market on Thursday displayed significant volatility […]