Apollo Energy publishes a daily energy market analysis, focusing on the gas, power and oil markets including a commentary on how the markets close and open. Our analysis provides insight on how the markets are performing and also considers various factors which could dictate price changes in the future.
The analysis also contains a graph which tracks the one-year forward price of both gas and electricity as well as changes to Brent crude oil.
Gas prices moved down on Tuesday as the outlook for Qatari LNG supply is positive; a number of LNG deliveries have arrived in Egypt, with more vessels being transited via the Suez Canal. Meanwhile, maintenance work will start at the IUK interconnector today which will last for two weeks, restricting exports from the UK to Europe.
Gas contracts shed from their price yesterday as the system was comfortable throughout the session and concerns regarding LNG supplies from Qatar eased; two LNG deliveries are expected to arrive in the UK early next month. Demand levels were rather low as strong wind levels led to a decrease in CCGT generation.
12th June 2017 | Posted by: Natalie Ormrod | Market Analysis
Gas spot and near curve prices closed lower on Friday, on the back of easing concerns over Qatari LNG deliveries into the UK. One of the two cargoes that was re-routed on Thursday looked set to arrive at South Hook via the Cape of Good Hope in early July.
Day-Ahead gas climbed higher yesterday as an expected drop in wind levels today will result in an increase in gas-fired power generation. The gains filtered through to the rest of the near-curve as the system moved closer to balance due to weaker Norwegian flows and low LNG send-outs. Meanwhile, Far-curve prices moved down as oil prices displayed strong losses and coal was stable.