• Global Gas Analytics
  • Analysis & Forecasts

Europe & Russia Price trends

July 2017

The NBP day-ahead has been volatile in recent weeks, with swings in supply the primary driver.

The UK NBP day-ahead has been supported by supply tightness and hit by oversupply in recent weeks. The closure of the Interconnector UK pipeline in late June kept volumes in the country during a period of low demand. This caused the NBP day-ahead to drop dramatically to just 25 p/th – a fall of more than 10 p/th within a week. Unexpected outages in Norway subsequently caused periods of supply...