Global Natural Gas Report
Date: March 11, 2010
Rumours of problems with the Norwegian pipeline have nbp whipsawing this morning. It looks like we will settle for the time being about .25p higher. The move is primarily in the front months as this outage will likely only affect short term supply. HH is down a couple of cents so spreads are out...mainly in the front. Sterling is a little stronger as well contributing a bit to the move. Another quiet day in Asia with little to report other than supplies seem to be available in the face of lackluster demand.
JKM-HH:
Apr 1.43
NBP:
Resistance:
30.90 31.39
Support:
29.76 29.50
HHUB:
Resistance:
4.655 4.789 4.869 5.00
Support:
4.455 4.287 4.157 4.035
NBP-HH as of 8:00 EST
|
Apr |
-0.034 |
-0.005 |
|
May |
-0.225 |
-0.181 |
|
Jun |
-0.315 |
-0.249 |
|
July |
-0.468 |
-0.380 |
|
Q2 10 |
-0.211 |
-0.510 |
|
Summer 10 |
-0.285 |
-0.242 |
|
Winter 10 |
0.584 |
0.618 |
Richard Rosenberg
Vice President, Business Development
ICAP Energy LLC
Richard.Rosenberg@us.icapenergy.com
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