Gas well supplied for winter – Y Report

There is no problem with gas supply and margins are healthy for the winter, according to Inenco’s Y report. The current drivers of gas and power are currency, Brent crude, […]

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By Jonny Bairstow

There is no problem with gas supply and margins are healthy for the winter, according to Inenco’s Y report.

The current drivers of gas and power are currency, Brent crude, supply and demand fundamentals and the National Grid consultation.

Pound Sterling is down following Brexit and a strong US dollar means oil prices have also fallen.

 

Energy Trader Rebecca Hermolle suggests there’s an influx of LNG into the UK, possibly as a result of Qatari maintenance coming to an end.

Increased renewable and nuclear generation have widened supply margins, she adds.

Ms Hermolle suggests businesses on fixed price contracts should place it now “as we are in an uptrend”. Those on flexible contracts have been advised to hold for now as there is still uncertainty in the markets.