Gas producers were already trading strongly when Energean (ENOG) announced a new sales agreement and discovery earlier this month, sending its shares up even higher. At the same time, continued high forecasts for gas prices for the rest of the year mean gas producers have seen some of the biggest gains this year of any UK-listed companies as investors have aggressively sold off most other sectors.
The gas price has remained high even with warmer weather hitting Europe and the European Union allowing Russian gas exports to continue.