UK gas prices to remain low despite weather

"From a UK perspective, the price spikes we saw earlier in the year were due to temporary problems with importing from Norway, and potential disruption from Russia and the Ukraine combined with a cold snap," says David Hart, oil and gas analyst at Westhouse Securities. "However, the supply side of the equation is now functioning normally. On the demand side, we might have colder weather but it is not as extreme as before and certainly not enough to cause a spike in prices."
UK gas on the day
More on Gas/LNG
Energy Risk at 30: Learning from the past
Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
Natural gas/LNG house of the year: ENGIE
Energy Risk Awards 2025: Energy firm signs a string of innovative deals in established and fledgling gas markets
Natural gas/LNG house of the year: ENGIE
ENGIE continues to expand its services to better serve firms in Apac dealing with the challenges of energy risk management and supply
Market shrugs off EC’s plan to change gas benchmark
Dutch TTF prices unmoved, as market participants say they are “not taking it seriously”
Natural gas/LNG house of the year: Engie
Energy Risk Awards 2021: In a volatile market Engie continued to grow its gas and asset management businesses
Dynamic gas models make for better hedges
Study highlights dwindling role of weather in market
Short term, LNG view
Excitement over fast-growing LNG markets shouldn't blind us to the potential risks