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Energie & Management > Commentary - Gas Market - The week in review
Commentary

Gas Market - The week in review

(Heren Energ) - NBP and Zeebrugge nearside prices have proved extremely bullish during the past week primarily on the back of field outages,leading to a shortage in gas supplies, and higher than usual seasonal demand. NBP Day-ahead currently stands around 19.275 p/th while Zeebrugge Day-ahead is holding steady around 0.80 p/th higher at 20.00 p/th.
At the very start of the week, the effect of a longer than expected outage at the Total-operated Elgin/Franklin coupled with the ongoing outage at Shell’s Shearwater field was exacerbated by signs that the National Transmission System (NTS) was massively short of gas - over 25 Mm3 or so. This caused some extremely busy short-term trading activity as players clamoured to cover their short

Montag, 19.05.2003, 10:05 Uhr
Redaktion
Energie & Management > Commentary - Gas Market - The week in review
Commentary
Gas Market - The week in review
(Heren Energ) - NBP and Zeebrugge nearside prices have proved extremely bullish during the past week primarily on the back of field outages,leading to a shortage in gas supplies, and higher than usual seasonal demand. NBP Day-ahead currently stands around 19.275 p/th while Zeebrugge Day-ahead is holding steady around 0.80 p/th higher at 20.00 p/th.
At the very start of the week, the effect of a longer than expected outage at the Total-operated Elgin/Franklin coupled with the ongoing outage at Shell’s Shearwater field was exacerbated by signs that the National Transmission System (NTS) was massively short of gas - over 25 Mm3 or so. This caused some extremely busy short-term trading activity as players clamoured to cover their short

Montag, 19.05.2003, 10:05 Uhr
Redaktion

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