Europe & Russia Price trends
Maintenance will provide further support to prices in September as hub prices remain high.
The NBP day-ahead was around 47-48 p/th by the middle of September. Unplanned maintenance limited supply and provided support to prices during August. More scheduled maintenance started in early September and is continuing to provide supply-side support to prices.
The NBP day-ahead averaged around 43 p/th during August 2017 compared with 30 p/th in August 2016. Although the UK’s requirements for gas to build storage volumes have been weak because of the closure...