SSE to cut gas prices by 5.3%
Energy giant SSE is to cut its standard gas prices by 5.3% in the latest move by a Big Six supplier to reduce tariffs.
Gas prices
Gazprom warns EU of impending gas crisis
Gazprom has warned the EU of a wide-scale gas market crisis and underinvestment amid falling commodity prices unless Brussels revises its "contradictory" energy policies.
Chesapeake leads S&P 500’s losers amid historic gas price slump
Chesapeake Energy is having its worst year since 1998 after halting dividend payouts, slashing drilling budgets and cutting one of every six employees failed to rescue the energy explorer from the deepest gas-market rout in 16 years.
Prices drop as higher LNG send-out offsets Norwegian outage
British gas prices fell on Monday due to an oversupplied transmission system, helped by rising liquefied natural gas (LNG) terminal send-outs as new tankers sailed for the UK. Rising flows from the South Hook LNG terminal in Wales offset the impact of maintenance at Norway's Kollsnes gas processing platform, which has resulted in restricted exports to Britain. "This reduction has been more than offset though by a ramp-up in send-outs from South Hook, nominated at 51 million cubic metres/day (mcm). Though flows have yet to physically reach this level," said Marcel Boonaert, head of trading and portfolio at Wingas UK.