{"id":8200,"date":"2024-08-06T13:31:12","date_gmt":"2024-08-06T13:31:12","guid":{"rendered":"https:\/\/switchinggroup.com\/?p=8200"},"modified":"2024-08-06T13:49:58","modified_gmt":"2024-08-06T13:49:58","slug":"lng-shipment-finally-arrives-at-uk","status":"publish","type":"post","link":"https:\/\/switchinggroup.com\/?p=8200","title":{"rendered":"LNG Shipment Finally Arrives at UK"},"content":{"rendered":"\t\t
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This Friday, key NBP (National Balancing Point) contracts rose amid Middle East conflicts and reduced LNG imports. Most contracts gained around 1p\/therm (0.03p\/therm) compared to its previous close.<\/p>\n

What does this mean?<\/h3>\n\n

Iranian officials have pledged retaliation for the assassination of Hamas\u2019 political leader, Haniyeh, in Tehran. This event has escalated tensions in the region, with Tehran expressing strong disapproval and the need to respond. Despite this, Iranian leaders have expressed their intentions to avoid a full-scale war.<\/p>\n\n

However, near-month contracts saw minor losses due to a surge in wind power. National Grid data showed that wind generation increased by around 185% from Thursday to Friday. This reduced CCGT (combined cycle gas turbine) offtake by about 50%, lowering the day’s electricity margin.<\/p>\n\n

Another factor that may have capped market increases is the highly-anticipated LNG shipment. \u2018La Mancha Knutsen\u2019 finally arrived at the Port of Milford Haven (Pembrokeshire) on Friday, delivering the first shipment of LNG in over three weeks.<\/p>\n

Summary<\/h3>\n\n

This Monday, NBP (National Balancing Point) gas prices declined, with the Winter-24 contract last trading approximately 3.3p\/therm (0.11p\/kWh) lower than its previous close. Reasons for this market drop could have been the surge in wind power generation and the overdue LNG shipment into Port of Milford Haven.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\"LNG<\/figure><\/div>
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Click here to get your free, instant energy quote<\/span><\/p>

\u2193<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tinstant quote<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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For more information on gas and energy for businesses, check out these websites:
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www.ofgem.gov.uk\/information-consumers\/energy-advice-businesses<\/a>
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www.yuenergy.co.uk\/news\/<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

This week\u2019s market report explores how Middle Eastern conflicts continue to influence the energy sector. Also, explore new changes in the fuel generation mix, such as the surge in wind power generation and the arrival of the first LNG shipment to the UK in weeks.<\/p>\n","protected":false},"author":20,"featured_media":8203,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[34],"tags":[],"class_list":["post-8200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wmr"],"yoast_head":"\nLNG Shipment Finally Arrives at UK - 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