Monday 10 June 2019
Trading on the UK gas market has been remarkably slow so far this morning. Demand on the UK system is just under 200MCM as wind generation levels are
running below 2GW as forecast, requiring increased gas-fired generation today. Norwegian deliveries are running at around 100MCM but LNG send-out is just 20MCM, but this may well pick up as 4 new cargoes are due in UK ports over the coming week. There are no indicative prices on the spot while the day ahead bid offer spread suggests an increase of over 1.50p. The oil market is little moved from Friday's closing levels but has held on to gains recorded in recent sessions.