Gas prices ended the session lower on Wednesday, erasing some of the strong gains recorded in the previous session as European markets remained volatile. Low LNG send-outs were offset by healthy imports, while cold weather kept demand levels high.
Sentiment on the gas curve was little changed throughout the week, with the front of the curve influenced by cold weather and reduced LNG send-outs. Meanwhile, oil and carbon markets continued their bullish trend, supporting the far curve.
Gas prices continued to climb higher yesterday as sentiment has been little changed this week. Support was provided by demand levels which were 70mcm above the seasonal norm, while oil and carbon markets also traded higher.