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Friday Energy Update 29/9/23

Simon van Os

29/9/2023

Business Efficiency

Fairly steady over the last 7 days. Increases earlier on in the period, mainly on the news of the Russian Temporary Ban on gas and oil export, negated by decreases on the news that the UK’s weather will be above average in temperature over the next two weeks muting demand and a busier LNG schedule.

There is news that the Rosebank field off the Scottish coast is set to be developed by Norway’s Equinor. The licence has been granted as part of a push by the UK Government to replace volumes that once flowed via the Nord Stream pipeline and the field could become operational as soon as 2026.

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We are currently saving our clients, up to 60% on their utility bills. Please feel free to contact our Business Efficiency Team, on 01273 424904. So, we can provide you with recommendations around reducing your energy costs.

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