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Gas: A lot of activity on day ahead short term market

Almere 30-10-2012-The so called cold weather of the last weekend led to a lot of activity on the short term trading Day Ahead as well as the first months on the forward transaction curve). Currently, the term prices for November and December are so high that it is once more appealing for Qatar to ship LNG to the UK. Re-establishing production in the train 4 and 5 (both LNG plants) will also contribute to this development. To date 80% less LNG for the month October arrived compared to the same month last year. Consequently it leads to UK’s dependence on Norwegian gas oil which is accompanied by higher prices due to the delayed oil price index.

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