European supply-side price support will be short-lived
A drop in flows supported a slight rise in the NBP day-ahead price at the start of the week, but the trend is not expected to last A drop in flows supported a slight rise in the NBP day-ahead price at the start of the week, but the trend is not expected to last.
15 March 2017
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The NBP day-ahead price increased slightly at the start of the week, rising by 2% on Tuesday to reach 41.5 p/th. Although demand was weak, a drop in flows supported the price rise. Lower levels of piped supply from Norway and a temporary outage at the South Hook LNG terminal reduced the volumes entering the UK market. However, this trend is not expected to last. UK gas demand is forecast to be 10% below seasonal norms on Wednesday, according to the forecast from National Grid,...
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