Portugal says Italy could be solution for gas link to central Europe

Portugal said on Tuesday gas supplies to central European countries require a closer interconnection with the Iberian peninsula that, if impossible through France, should go through Italy. Spain and Portugal have large gas import capacities through the

Schulte Group unveils new LNG bunker vessel design

Germany’s ship owner and manager Schulte Group has presented for the first time its next-generation design for a liquefied natural gas (LNG) bunker vessel (LBV) at Gastech Exhibition and Conference in Milan. As explained, the shipping group has used it

Shell Egypt awards Bechtel FEED contract for Egyptian LNG terminal

Shell Egypt, EGAS, and Petronas have awarded a front-end engineering and design (FEED) contract to a Bechtel-led coalition that includes Enppi and Petrojet for the Egyptian LNG export terminal. Under the contract, the coalition will study a proposed un

STATISTICS

Markets 16/5Thursday 17/5Friday 20/5Monday 21/5Tuesday 22/5Wednesday 23/5Thursday Var D-1 Var W-1 Avg. Max Min
Electricity
UK Cal 2025 base (GBP/MWh) 81.51 81.34 83.67 85.90 87.17 88.56 1.60% 8.65% 75.05 88.56 64.81
Oil
Brent USD/bbl (USD/bbl) 83.27 83.98 83.71 82.88 81.90 81.36 -0.66% -2.29% 83.52 91.17 75.89
Economics
Rate GBP/EUR (GBP/) 1.16 1.17 1.17 1.17 1.17 1.17 -0.01% 0.80% 1.17 1.18 1.15

MARKET PRICES & TRENDS

UK Cal 2025 base (GBP/MWh)88.56
UK Q+1 base (GBP/MWh)80
NBP Q+1 (GBpence/therm)87.56
Brent (USD/bbl)81.36
Rate GBP/EUR1.17
UK spot base (GBP/MWh)85.5
NBP spot (GBpence/therm)86.5

HEDGE REPORTING

Test Power contract 2 years

VaR

2,855,849 GBP

Spent

7,237,718 GBP

AVG price: GBP/MWh

126.09