Tuesday 09July 2019
An early supply deficit of almost 20MCM on the UK gas system has been largely balanced by rising deliveries to the Bacton North Sea gas receiving terminal. Prompt gas prices
have none-the-less reacted with significant gains on within day and day ahead contracts, although nothing like the step increases seen over the previous 2 trading days. Upside on UK prompt and near futures contracts is tempered by news of 4 LNG vessels bound for UK ports over the coming 10 days.