Couldn’t agree with you more! I expect the political shenanigans will dominate sentiment for a while but since gas makes up over 60% of energy in Uk (and it’s cheaper and cleaner the LNG) that’s not going to change for the foreseeable unless they become intent on collapsing their balance of payments (currently £100 bill pa deficit of which 1/2 is energy imports).
Seasonality is playing its part right now as northern hemisphere winter recedes and refilling reserves hasn’t started yet.
https://agsi.gie.eu/
Q1 - 2024, page-157
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