07 February 2020

Coronavirus outbreak sends global gas prices lower pushing down UK Power

With an already oversupplied European gas market, the coronavirus outbreak is putting more pressure on global pricing for gas sellers.

Specialist PPA advisory and support services group New Stream Renewables says there is growing concern that China’s demand for LNG will collapse a result of the coronavirus effect on the economy, possibly sending global LNG prices lower, which is impacting both UK gas NBP prices and UK baseload power.