The cancellation of two planned LNG vessel charters in Europe this week shows that it’s becoming harder and harder to get hold of an LNG carrier at the right price in the Atlantic Basin. Danish energy company DONG and Swiss trader Glencore were both in discussions with ship owners about chartering vessels for reloads in […]
Energy Connections
A crazy week in UK power. But will the madness return this winter?
In recent days, UK power has been a crazy energy market to trade in. Late in the day on 14 September, a 50MW, £105.00/MWh front-week trade – a transaction worth nearly £900,000 – was down almost 10% at £95.00/MWh, £100,000 wiped off its value, within just 35 minutes. In terms of jaw-dropping potential, this was […]
What’s in a name? That which we call a Bulgarian hub
Bulgaria and the European Commission have recently been announcing, with much fanfare, the country is investing in a natural gas hub. Or the Balkan Gas Hub, to give it its formal title. The crescendo of statements about this Balkan hub reached their zenith last week at a roundtable over which Bulgaria’s prime minister Boyko Borissov […]
This winter it really is about the weather
The cliche about weather driving energy prices, in particular on European gas and Asian LNG, is just as relevant this year as ever before. A mild weather with no extended periods of freezing cold in Europe could see forward gas prices steadily ease down despite fears over a lack of gas storage in the UK […]
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