global-hydrogen-hub global-hydrogen-hub global-hydrogen-hub
European Gas Hub Logo
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
European-Gas-Hub-Logo
No Result
View All Result
Home Gas Prices

Weekly UK Insight – 22 March 2021

Editor by Editor
4 years ago
Reading Time: 2 mins read
UK Gas & Power
Share on FacebookShare on TwitterShare on Linkedin

The April 2021 Gas fell 9.3% to 43.10 p/therm last week following the end of unplanned Norwegian outages and an expected rise in temperatures. The gas system was oversupplied last week from a return to expected LNG deliveries as high winds eased allowing ships to dock and offload, meanwhile demand forecasts weakened.

RELATED POSTS

natural-gas-markets

The growing complexity of natural gas markets

1 month ago
TTF-seasonal-spreads

TTF seasonal spreads finally return into positive territory

1 month ago
TTF-gas-price

TTF prices crashed by more than 20% since Liberation Day

2 months ago

The April 2021 Power fell 5.4% to £54.50/MWh last week, despite low renewable output, following the downward movement of equivalent gas prices and a healthy supply and demand balance.

The April 2021 12 Month Gas price fell by 6.0% last week to 47.19p/therm. Both Summer 21 and Winter 21/22 saw declines as supply concerns eased at the start of the week. Milder weather forecasts for March and the biggest daily drop in six months for Brent Crude prices provided further bearish pressure.

European Gas storage remains at its lowest level for the past 3 years with a further 2% decline last week. Meanwhile, UK Gas storage increased 2% last week. The UK is expecting 7 LNG deliveries this week.

The April 2021 12 Month Power price fell by 3.4% to £58.73/MWh last week following losses in gas, carbon and an ample gas supply. Some resistance was provided by a drop in renewable output, due to weak wind and solar generation. A small rise in coal also provided further support for Winter 21/22 prices.

Brent crude oil fell 6.8% to $64.53/bbl last week. Thursday marked five consecutive days of losses for Brent, a streak not seen since September 2020, while intraday losses of 6.1% were recorded.

This marked the largest daily fall since June 2020. Demand concerns arose after news came of more potential European lockdowns after Covid-19 cases rose for a third straight week. A draft proposal prepared by German Chancellor Angela Merkel looks set to extend the German lockdown until mid-April.

Pound Sterling edged down 0.4% last week with investors cautious over the country’s vaccination rollout as the EU is expected to deny authorisations to ship AstraZeneca’s Covid-19 vaccine and their ingredients to the UK until the drug maker fulfills its delivery obligations to the 27-nation bloc.

European carbon fell 2.2% to €41.84/tCO2 last week. Losses were seen across wider energy markets, providing less support for carbon prices, while it is thought traders looked to profit-take after recent record highs.

European coal prices rose by 3.8% last week to $71.30/tonne. In contrast to losses reported in carbon and gas markets. Benchmark Australian coal prices spiked after one of Australia’s key export hubs suspended operations for a fortnight, impacting the supply of coal on the global market.

Source: Beond Energy Markets

Follow on Twitter:

[tfws username=”beondgroup” height=”700″ width=”350″ theme=”light” color=”#FAB81E” tweets=”2″ header=”yes” footer=”yes” borders=”yes” scrollbar=”yes” background=”yes”]

Tags: Beond Energy MarketsBrent crude oilEuropean carbongas pricesUK Insight
Editor

Editor

Related Posts

natural-gas-markets
Gas Prices

The growing complexity of natural gas markets

1 month ago
TTF-seasonal-spreads
Gas Prices

TTF seasonal spreads finally return into positive territory

1 month ago
TTF-gas-price
Gas Prices

TTF prices crashed by more than 20% since Liberation Day

2 months ago
natural-gas-prices
Gas Prices

Gas prices remained elevated across all key markets in March, amid tight supply-demand fundamentals and low storage levels

2 months ago
European-gas-demand
Gas Prices

Natural gas demand continued to expand strongly through the 2024/25 heating season, driven largely by Europe

2 months ago
European-gas-storage
Gas Prices

European gas storage refill season begins

2 months ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

German-intraday-power-spreads

German intraday power spreads averaged at €125/MWh since the start of the year

2 weeks ago
power-outage

Spain’s unprecedented power outage demonstrates energy system fragility

4 weeks ago
TTF-power-and-carbon-prices

Cross-commodity correlation between TTF, power and carbon prices continued to strengthen

5 days ago
Load More

Recent Post

global-gas-market

Europe’s exposure to a wild and volatile global gas market

5 days ago
TTF-power-and-carbon-prices

Cross-commodity correlation between TTF, power and carbon prices continued to strengthen

5 days ago
German-intraday-power-spreads

German intraday power spreads averaged at €125/MWh since the start of the year

2 weeks ago
Load More
Logo

European Gas Hub is an online platform for sharing analysis and information about European natural gas markets more info

Categories

  • European Gas Prices
  • Energy Policy
  • European Gas Infastructure
  • European Gas Storage
  • Coal Market
  • Supply & Demand
  • Gas Supply & Demand
  • LNG
  • European Power Generation
  • Other

Recent Posts

Europe’s exposure to a wild and volatile global gas market

Cross-commodity correlation between TTF, power and carbon prices continued to strengthen

German intraday power spreads averaged at €125/MWh since the start of the year

Energise your Tuesday!

Sign up to receive our weekly newsletter with new European gas market reports, presentations & analysis. Every Tuesday.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 EuropeanGasHub | All Rights Reserved

No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 EuropeanGasHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.