Every morning before 9 am, Dave Kirwan receives a report on the price of gas from his integrated trading team in Cork. “They send a note that talks about the level of gas storage in Europe, the weather, movements in LNG (liquified natural gas) shipments… it talks about any movements or any disruptions in the Russian situation I need to know about,” the managing director of Bord Gáis said. Two years ago Kirwan said gas was trading at 50 pence a therm in the UK wholesale market. “This morning gas is trading at £3.50,” he said.  “In November / December…

Want to continue reading?

Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.

Subscribe

Cancel at any time.

Are you already a member? .