Cold weather continued to support the gas curve yesterday as demand levels were above the seasonal norm. Rising coal prices also offered support to the far-curve in a bullish session. Temperatures are set to remain below average next week and the short-term LNG outlook is weak.
Cold weather offset the effects of improved Norwegian supply yesterday; prices initially opened lower but these losses were erased as the session progressed. Brent and coal also posted further gains which contributed to gains further along the curve.