Market Insight

DAILY MARKET REPORT – 05/12/2024Markets breathed a little yesterday after holding at elevated levels for some days now. A drop in levels was seen to pull back from those highs will be a welcome relief.Underlying fundamentals remain unchanged from recent days with flows remaining steady, including those of LNG cargoes expected…

DAILY MARKET REPORT – 04/12/2024A very flat day in the end seen in yesterdays session as the settlement values hardly change day-on-day across the board.No real change to fundamentals with plenty of LNG still heading towards the UK and Europe in the coming weeks, despite the threat of diversions towards…

DAILY MARKET REPORT – 03/12/2024A bullish start to the week in yesterdays session.Prices continue to remain elevated as flows hold steady, as do temperature forecasts, however the price spread between European and Asian markets starts to widen. For some time now the European prices have been attractive for LNG cargoes, but…

DAILY MARKET REPORT – 02/12/2024Welcome along to December.The end of last week ended relatively calm, however over the weekend physical flow nominations dropped from Russia via Ukraine and remain the same today. The comes as the transit deal ends in just a few weeks time. The market has already reacted this morning…

DAILY MARKET REPORT – 29/11/2024Apologies – no report issued yesterday due to technical difficultiesMarkets remain elevated but stable as we reach the end of the week, and November, which now sees a new front month contract – January 2025.Plenty of LNG heading towards the UK and Europe in the coming…

DAILY MARKET REPORT – 27/11/2024After a steady start to the day, which was looking promising to show a discount after Mondays rise, it was reported Gazprom are planning to release their 2025 outlook that excludes (or confirms) no transit deal to be in place via Ukraine.This is already widely…

DAILY MARKET REPORT – 26/11/2024After a relatively calm start to the week, markets reacted to the confirmation from OMV that, as widely anticipated, they had intently withheld payment for October gas to Gazprom to balance the compensation due to them following the arbitration award. In response, Gazprom stopped delivering…

DAILY MARKET REPORT – 25/11/2024Markets ended the week with a softer session after rising prices all week, pushing new highs on Thursday.Windy weather was expected in the UK at the weekend as Storm Bert hit which has caused flooding in parts but also returned wind generation to the stack resulting…

DAILY MARKET REPORT – 22/11/2024The market pushed to yet new highs yesterday as outgoing US President Biden pushes further pressure on Moscow with the US Treasury sanctioning Russias Gazprombank. This is significant as in recent years Russia imposed new processes to only allow payments for Russian gas in Rubles –…