Europe & Russia Price trends

January 2018

After spikes at the start of the season, European hub prices have eased during the winter as mild temperatures have hit demand.

The NBP day-ahead price was around 52-53 p/th by the middle of January, having averaged around 52 p/th during the first half of the month. This is a marked decline from the high prices seen in December, when the NBP day-ahead spiked to 67.7 p/th following supply disruptions at Troll A and the Forties Pipeline System that hit North Sea supplies. However, the disruptions...

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