Supply increases keep up with demand growth in Europe

The NBP day-ahead was around 34 p/th ($4.42/MMBtu) on Tuesday, close to the average it maintained over the past week. Although prices have been supported by strong offtake in recent days, supplies have also risen, capping price rises. The outlook for Wednesday is for demand to remain above seasonal norms, supported by strong levels of gas consumption in the power sector. However, flows will be sufficient to keep the market well supplied.