(Heren Energy) - Nearside prices came under heavy pressure at Zeebrugge on Monday as market sources suspected a major gas producer had dumped huge volumes of short-term gas onto the market in order to exploit relatively high price volumes.
Day-ahead prices tumbled as low as 17.50 p/th, compared to the 23.50 p/th level witnessed during last week, dragging the price differential to the NBP (“basis”) down to 2.00 p/th from around 4.00 p/th during the session. A trader estimated the Day-ahead volumes transacting today to have totalled around three to four million therms. The typical buyers were, apparently, not present, whil
Dienstag, 1.07.2003, 09:18 Uhr
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