AGL 8.30 Decreased By ▼ -0.03 (-0.36%)
ANL 10.95 Increased By ▲ 0.25 (2.34%)
AVN 79.70 Increased By ▲ 1.51 (1.93%)
BOP 5.75 Increased By ▲ 0.18 (3.23%)
CNERGY 5.64 Increased By ▲ 0.26 (4.83%)
EFERT 79.36 Increased By ▲ 0.71 (0.9%)
EPCL 67.48 Decreased By ▼ -0.31 (-0.46%)
FCCL 14.89 Increased By ▲ 0.39 (2.69%)
FFL 6.70 Increased By ▲ 0.10 (1.52%)
FLYNG 7.16 Increased By ▲ 0.13 (1.85%)
GGGL 11.60 Increased By ▲ 0.26 (2.29%)
GGL 17.51 Increased By ▲ 0.27 (1.57%)
GTECH 8.35 Increased By ▲ 0.05 (0.6%)
HUMNL 7.17 Increased By ▲ 0.11 (1.56%)
KEL 3.14 Increased By ▲ 0.06 (1.95%)
LOTCHEM 35.20 Increased By ▲ 2.33 (7.09%)
MLCF 28.35 Increased By ▲ 0.05 (0.18%)
OGDC 87.70 Increased By ▲ 3.15 (3.73%)
PAEL 16.63 Increased By ▲ 0.18 (1.09%)
PIBTL 6.05 Increased By ▲ 0.20 (3.42%)
PRL 19.46 Increased By ▲ 1.34 (7.4%)
SILK 1.14 No Change ▼ 0.00 (0%)
TELE 11.41 Increased By ▲ 0.31 (2.79%)
TPL 9.20 Increased By ▲ 0.20 (2.22%)
TPLP 20.25 Increased By ▲ 0.37 (1.86%)
TREET 27.10 Increased By ▲ 0.48 (1.8%)
TRG 96.20 Increased By ▲ 1.70 (1.8%)
UNITY 20.85 Increased By ▲ 0.48 (2.36%)
WAVES 13.90 Increased By ▲ 0.27 (1.98%)
WTL 1.34 Increased By ▲ 0.03 (2.29%)
BR100 4,275 Increased By 67 (1.59%)
BR30 15,794 Increased By 348.3 (2.26%)
KSE100 42,872 Increased By 628.4 (1.49%)
KSE30 16,219 Increased By 247.6 (1.55%)
Markets

UK GAS-Within-day falls amid oversupply, other contracts up on higher demand

  • The system was oversupplied by 15 million cubic metres (mcm), with demand forecast at 191 mcm and flows at 206 mcm/day, National Grid data shows.
Published June 8, 2020

LONDON: British wholesale gas for immediate delivery fell on Monday morning amid oversupply but other contracts rose as higher demand forecasts helped to lift prices.
Gas for immediate delivery was 0.60 pence lower at 13.00 pence per therm by 0800 GMT.

The system was oversupplied by 15 million cubic metres (mcm), with demand forecast at 191 mcm and flows at 206 mcm/day, National Grid data shows.

Total Norwegian flows are 9 mcm higher than the previous working day at 31 mcm.

Total UK Continental Shelf terminal receipts are at 134 mcm, up 8 mcm from Friday, as outages at Barrow North and Teeside CATS have ended.

Liquefied natural gas send-out was also higher, nominated at 50 mcm, compared to 39 mcm last Friday.

The day-ahead contract rose by 0.25 pence to 13.25 p/therm.

The UK month-ahead price was 0.40 p higher at 14.00 p/therm and the August contract was 0.35 p higher at 15.00 p/therm.

Gas-for-power consumption is forecast higher amid lower wind output.

Peak wind generation is forecast at 4.9 gigawatts (GW) on Monday, falling to 1.3 GW on Tuesday, out of a total metered capacity of around 15 GW, Elexon data shows.

Local distribution zone consumption is at 89 mcm/d, a level not seen since May 16.

Average temperatures are around 9 degrees, sharply down from last Monday's 17 degrees, said Wayne Bryan, gas analyst at Refinitiv.

The month-ahead gas price at the Dutch TTF hub was up 0.22 euro at 5.79 euros per megawatt hour.

GAS

Comments

Comments are closed.