• Global Gas Analytics
  • Analysis & Forecasts

Europe & Russia Price trends

June 2018

Hub prices continued to climb during early June, and prices have remained high into the middle of the month.

The NBP day-ahead price was around 57 p/th in early June after having hit 59-60 p/th in late May. Prices received strong support from tight supplies and the high demand for gas to build storage volumes, which prevented seasonal price dips at the start of the summer. Maintenance in the North Sea has restricted flows from the UK Continental Shelf, while colder-than-average weather provided some demand-side support...