UK front-month gas prices surge to premium over TTF on demand and LNG expectations

Natural gas prices for the UK NBP month-ahead contract have climbed to a robust premium versus Europe’s benchmark, the Dutch TTF hub, as market participants eye higher temperature-related winter demand and a need to secure LNG cargoes in a competitive market. Platts, part of S&P Global Commodity Insights, assessed the UK NBP November contract at Eur39.32/MWh (or 96.44 pence/therm) on…Natural gas prices for the UK NBP month-ahead contract have climbed to a robust premium versus Europe’s benchmark, the Dutch TTF hub, as market participants eye higher temperature-related winter demand and a need to secure LNG cargoes in a competitive market. Platts, part of S&P Global Commodity Insights, assessed the UK NBP November contract at Eur39.32/MWh (or 96.44 pence/therm) on…Read More