Wholesale natural gas prices have so far been supported by the wider fuels complex this summer, driven by gains in the Brent crude price, with coal and carbon playing lesser roles.
Going forward, day-ahead prices are likely to be supported in several markets by the continuing need for injections, with storage low compared to the same time in previous years.
If the new gas year starts in October 2018 without storage being replenished to normal levels, it is likely prices for delivery in winter will also increase in value.
Our European Gas Mid-Summer Update provides a brief overview of the drivers likely to influence gas prices this summer, and an idea of what could happen to prices before the beginning of winter.
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