Latest Market Updates

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 –…

DAILY MARKET REPORT – 21/11/2024Despite the cold temperature forecasts passing after the coming days and plenty of LNG being sent towards Europe, markets remain high and unwound their previous days losses to put us back where we were again.From January, the German gas storage surcharge will increase by 20%.  This…

DAILY MARKET REPORT – 20/11/2024A softer session seen yesterday after hitting peaks in recent days.Colder weather now upon us, especially in the UK where snowfall has even landed in parts, however the latest forecasts suggest this will pass and return close to seasonal normal levels in the coming days.The recent…

DAILY MARKET REPORT – 19/11/2024After a soft start to the day, yesterday ended upwards as cold weather landed.As prices has spiked in Europe, this has attracted plenty of LNG cargoes to head in this direction.  In the UK we are now expecting 8 cargoes over the coming weeks – the…