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Markets & Forecasts

UK hub prices face further pressure

Mild temperatures and strong imports will continue to put pressure on NBP prices Mild temperatures and strong imports will continue to put pressure on NBP prices.
By Catriona Scott 29 March 2019 Europe & Russia / Supply & Demand 0 34085
The Dragon LNG terminal in the UK. (Shell)

Directional impact on forecast:
Bearish for NBP prices

The NBP day-ahead dropped below 36 p/th in late March and is expected to come under further pressure in the coming days.

Demand in the UK is expected to be weakened by milder temperatures before the end of March. Temperatures in much of the country have been around or above average in March so far and are forecast to be above seasonal averages in the coming days. This will limit requirements for heating-related gas consumption and...