Prices ease amid healthy LNG delivery schedule

NBP gas prices eased during afternoon trading on Friday, though the Winter 25 front-season contract still posted a modest 1.3% weekly gain.

Market fundamentals remained largely stable, with steady Norwegian flows amid minimal maintenance and no fresh geopolitical developments to drive volatility.

While no new LNG cargoes are expected imminently, UK terminal storage levels are trending higher year-on-year, supported by 26 additional LNG arrivals up to the end of July compared to the same period in 2024.

UK baseload power prices edged lower on Friday, mirroring the moves observed on the wholesale natural gas market.

A recovery in wind generation likely helped ease pressure, rising to a two-week high after a period of muted output and ultimately contributing to around 35% of the GB power mix.

As a result, while imports from neighbouring countries held steady, gas fired demand almost halved, resulting in cheaper, cleaner generation.

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Price commentary courtesy of Crown Gas and Power