Weekly Price Update Report - Week 11, 2019
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Energy Market ReportsWeekly Price Update Report - Week 11, 2019

Weekly Price Update Report - Week 11, 2019

Ian Mckenna

by Ian Mckenna 12 March 2019

Report Summary:

Friday welcomes more falls


NBP Natural Gas & GB Power Market Movement

Despite consumption rising last week and UK production outages in North Sea, a strong LNG send offset the risk of these bullish factors. LNG send out remained in the 60s range by Friday.  Numerous cargoes are also expected from Qatar, the UK’s biggest provider of LNG.  Wind power was strong resulting in less demand for gas from power (CCGT) generators. A drop in the Coal price also fed through. The Oil and Carbon price rose week-on-week but not significantly.  By close of play on Friday (08th March) the April 2019 annual contracts for electricity and gas closed lower -0.93% and lower -3.19% respectively.

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