Stronger offtake supports European prices

By Catriona Scott 26 April 2017
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lower temperatures are supporting hub prices in Europe as weather-related consumption boosts demand.

Below-average temperatures helped increase gas consumption in the UK and on the continent at the start of the week. UK demand was 28% above seasonal norms on Monday. The NBP day-ahead was around 40.7 p/th on Tuesday, up from 39.2 p/th last week. The rise in the NBP day-ahead price pushed it back above the TTF, which was around 40.3 p/th on Tuesday. The NBP day-ahead had been below the TTF during the previous week.

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