LONDON: British prompt gas prices rose on Friday morning as Norwegian gas supplies, which increased in previous days, declined, while temperatures are expected to fall in the beginning of next week.
Within-day gas price was up 0.75 pence at 30.00 p/therm at 0818 GMT
Day-ahead gas price rose 0.60 pence at 30.00 p/therm
Lower flows through the Langeled pipeline, Norway's biggest gas feeder to Britain, weighted on prices, one gas trader said
Norwegian gas flows to Britain on Friday fell to 34 million cubic metres (mcm) per day from 52 mcm/day on Thursday
Despite the lower Norwegian flows, the system saw a slight oversupply of 2.7 mcm.
Demand is forecast at 199.3 million cubic metres (mcm) and supply at 202 mcm/day, National Grid data shows
Average daily temperatures are forecast at 13.8 degrees Celsius for Friday and are expected to stay flat during the weekend, before falling to 10.9C on Monday, Refinitiv Eikon data showed
Peak wind generation is forecast at around 4.8 gigawatts (GW) on Friday and 2.8 GW on Saturday out of a total metered capacity of around 12 GW, Elexon data shows
The June contract was up 0.35 pence at 30.35 p/therm
Day-ahead gas price at the Dutch TTF hub was 0.13 euro lower at 12.32 euros per megawatt hour
Benchmark Dec-19 EU carbon contract fell 0.11 euro to 26.95 euros a tonne.
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