New Rough outage makes seasonal Interconnector gas flow swings more likely

Greater seasonal gas flow swings via the bidirectional Interconnector pipe, which connects the British and Belgian gas markets, appear more likely in 2017/18, based on adjustments to Belgium-Britain price differentials in mid-February.

Historically, Belgium has tended to import gas from Britain via the Interconnector pipe, but Belgium can also send gas to Britain if required, for example if British demand spikes because of cold temperatures.

ICIS looks at the why flow patterns this year could be especially volatile, and examines the relationship between the key Zeebrugge/NBP price differential – known as the basis - and Interconnector flow.

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