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 NBP futures for September and the winter period gained Gas prices across Europe surged ahead on Monday on expectations for lower exports from Russia in September.  European gas prices had already been inflated due to high demands of LNG in Asia, while a fire at the Russian condensate plant at Novy Urengoy has curbed Russian […]

Within day and day ahead gas prices eased The uncertainty which pervaded the UK gas market on Thursday was overcome by bearish sentiment on Friday despite a sharp rise in demand.  Storge injection rates soared to over 60MCM but the system remained in surplus throughout the day with strong Norwegian deliveries and finished the trading […]

Both the prompt and futures ramped up Early indications pointed to a fall in gas prices on the NBP yesterday as the gas system ran with a healthy surplus and forecasts for increased wind generation expected to reduce gas demand. But prices switched tack and both the prompt and futures ramped up with near futures […]

Demand on the UK gas system stepped up again Demand on the UK gas system stepped up again on Wednesday as storage injection rates of almost 30MCM were maintained throughout the trading day.  A reasonably strong renewable power contribution helped ease gas-fired power demand however and the system ran in surplus throughout.  Prompt prices still […]

 Unplanned outage at the Norwegian Troll field A recurrence of a compressor failure at the Norwegian Troll field caused another unplanned outage and this along with concerns of Russian gas supplies buoyed the gas markets on Monday.  It is estimated that output may be cut by 20MCM for the next few days due to the […]

Prompt gas prices rose strongly Falling oil prices helped to stem the further rise in near futures gas prices yesterday.  The forecast decline in renewable power generation materialised on Monday with renewable sources providing just 10% of GB power demand leading to increased gas demand on the day.  While the system remained comfortably supplied, prompt […]

On the prompt, the week ahead contract gained Western European markets continue to show concern for supply and this concern has moved beyond the front winter contract as Summer 22 gained over 10% last week.  There was less volatility on the market on Friday with gas price movement at the NBP of less than a […]

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 […]