Flows via the UK Interconnector and Langeled pipelines were expected to increase further today, helping to weigh on some near curve contracts yesterday afternoon. LNG send-outs also remain extremely comfortable due to a high number of deliveries this month.
Increases on oil markets dictated movement across the overall energy complex, with gas contracts displaying further gains. An expected drop in temperatures and weak wind generation also offered additional support to the spot.
Gas prices moved higher during Wednesday’s session following a bullish turn on the wider energy complex. A milder weather outlook and an expected drop in gas-fired power demand today helped to limit the upward movement.