MAKE CHANGE POSSIBLE.

We understand the business energy market can be challenging.

Our specialists compile a Market Drivers report each month.

We have highlighted Bearish drivers, expected to contribute to the market lowering, and Bullish drivers, expected to contribute to the market going higher.

Bearish Drivers

• Resuming of Nord Stream deliverability will sharply ease present bullish concerns around Russian supply.
• Forecast for more supply from Norway and UKCS due to less maintenances.
• Warmer than normal temperatures forecast in July and seasonally lower LDZ consumption.
• Outlook for storage situation to improve further even if Nord Stream flows continue reduced.

Bullish Drivers

• Strong bullish concerns around Nord Stream. The longer the issue lasts the more bullish impact it might have.
• Planned Nord Stream shutdown.
• Free Port outage limiting LNG export from the UK.

Outlook for lower LNG sendout next month.