Europe & Russia: Price trends

December 2017

Outages at Troll A, the FPS and at Baumgarten hit supplies and helped to drive up hub prices in mid-December.

European month-ahead hub prices

The NBP month-ahead peaked around 63.3 p/th on 12 December, supported by a cold spike that drove up heating-related demand at the same time as the outages at Troll A in Norway, the FPS in the North Sea and Baumgarten in Austria hit flows to the UK and the continent. The outages at Troll A and Baumgarten were short-lived but the outage at the FPS is expected to last for weeks. 

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