UK Gas Exports Jump as Traders Tap Wider Price Premium in Europe
Temperatures are forecast to fall in Britain next week.
Photographer: Dominic Lipinski/BloombergBritain boosted natural gas exports to the European Union this week, as ample supplies allowed traders to take advantage of a widening premium for spot prices on the continent.
Flows through the Interconnector pipeline that connects the UK to Belgium jumped to the highest in over a year in recent days, according to grid data. That came as day-ahead prices for Europe’s benchmark gas in Amsterdam were more than €4 a megawatt-hour more expensive than in the UK, hitting the biggest gap since August 2024, broker data compiled by Bloomberg show.