Thursday 28 May 2015

Gas prices remain flat – Y report

Gas prices remain flat – Y report

Gas prices have remained "relatively flat", according to the Inenco's Y report.

However, short term priced contracts have traded "marginally higher" this week due to an increase in European gas demand, Energy Analyst Dorian Lucas said.

Norwegian gas to Belgium fell to zero following a pipeline maintenance, impacting the British market. The UK saw increased flows from Norway via Langeled and higher demand from Belgium for UK gas.

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Two cargos of LNG are expected to come at the end of the week which could mitigate the European high demand, Mr Lucas added.

Fixed priced customers should "treat this as an ideal opportunity" while flexible costumers should use this opportunity to reduce exposure.

Written by

Bruna Pinhoni

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