Flagship Energy’s Tejal Shah Energy Markets Update – 28th November 2024

The EU and UK gas markets have seen a small respite after hitting 2024 highs last week. Although the situation has not changed much, improved weather forecasts and renewables as well as stable flows and increased LNG arrivals and send outs have shown the gas systems are capable of withstanding higher demand. EU storage levels are 87% full and although the withdrawal rate has been higher than the previous two years, weather conditions in Q125 will determine how much is left and therefore how summ