NBP winter forward market: Buy or sell?

This report is currently unavailable

This report is currently unavailable

Get this Insight as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

Report summary

The UK gas market has been in a comfortable gas balancing position since 2008, due to the combination of declining domestic demand, particularly from the power sector, and abundant gas supply availability. This has resulted in the UK being a net exporter to continental Europe and the NBP and other NW European hubs trading at discount to oil-indexed European contracts. However, as the global LNG market has tightened and indigenous production has continued to underperform, the UK balance has...

What's included

This report contains

  • Document

    NBP winter forward market: Buy or sell?

    PDF 465.98 KB

Table of contents

  • Executive summary
  • Introduction and background
    • Demand
    • UK indigenous production
    • Norway
    • LNG
    • UK storage
    • Continental Europe
    • Aggregate position
  • Conclusions

Tables and charts

This report includes 5 images and tables including:


  • Winter gas balance (Oct-Mar)


  • LNG and IUK flows
  • NBP, average Russian contract in Europe* and NE Asia LNG prices - History and forward market
  • LNG net trade: winter 2012/13 vs winter 2011/12
  • LNG net trade: winter 2013/14 vs winter 2012/13

Questions about this report?

  • Europe:
    +44 131 243 4400
  • Americas:
    +1 713 470 1600
  • Asia Pacific:
    +65 6518 0800