BR100 Decreased By (-0.07%)
BR30 Decreased By (-0.07%)
KSE100 Decreased By (-0.04%)
KSE30 Decreased By (-0.13%)
AGHA 7.73 Decreased By ▼ -0.08 (-1.02%)
BECO 5.19 Decreased By ▼ -0.02 (-0.38%)
BML 57.50 No Change ▼ 0.00 (0%)
BOP 33.84 Decreased By ▼ -0.19 (-0.56%)
CNERGY 10.01 Increased By ▲ 0.05 (0.5%)
CSIL 5.35 Increased By ▲ 0.04 (0.75%)
FCCL 54.31 Decreased By ▼ -0.39 (-0.71%)
FFL 16.75 Increased By ▲ 0.06 (0.36%)
FNEL 1.25 Increased By ▲ 0.02 (1.63%)
KEL 7.38 Decreased By ▼ -0.02 (-0.27%)
KOSM 5.70 Decreased By ▼ -0.07 (-1.21%)
LOTCHEM 29.20 Decreased By ▼ -0.12 (-0.41%)
MLCF 93.69 Decreased By ▼ -0.67 (-0.71%)
NBP 202.75 Decreased By ▼ -0.30 (-0.15%)
NCPL 57.00 No Change ▼ 0.00 (0%)
NPL 67.75 Increased By ▲ 0.05 (0.07%)
OGDC 316.74 Increased By ▲ 0.90 (0.28%)
PACE 10.68 Increased By ▲ 0.04 (0.38%)
PAEL 43.05 Decreased By ▼ -0.15 (-0.35%)
PIBTL 16.70 Decreased By ▼ -0.04 (-0.24%)
PPL 218.70 Decreased By ▼ -1.08 (-0.49%)
PRL 49.80 Increased By ▲ 0.61 (1.24%)
PTC 70.90 Increased By ▲ 0.37 (0.52%)
SSGC 27.93 Decreased By ▼ -0.32 (-1.13%)
TBL 9.81 Decreased By ▼ -0.05 (-0.51%)
TELE 8.79 No Change ▼ 0.00 (0%)
TPL 18.22 Decreased By ▼ -0.02 (-0.11%)
TPLP 13.47 Increased By ▲ 0.20 (1.51%)
TREET 22.74 Increased By ▲ 0.02 (0.09%)
TRG 60.25 Increased By ▲ 0.11 (0.18%)

British prompt gas prices fell on Monday as an increase in flows from Norway created a supply surplus, and as temperatures were forecast to be higher than previously expected.

* Day-ahead gas was down 0.25 pence at 66.75 pence per therm at 0922 GMT.

* An increase in gas from Norway oversupplied the system and, together with forecasts for milder weather than previously expected, was behind the falling prices, a trader said.

* Norwegian gas flows to Britain rose to 123 million cubic metres (mcm) per day, from 116 mcm/day on Friday, as gas flows through the Vesterled pipeline increased.

* Demand was forecast at 293.5 mcm/day and flows at 303.6 mcm/day, National Grid data showed.

* Average daily temperatures in Britain are expected to be 5.7 degrees Celsius on Monday, rising to 8.3 C on Tuesday, more than 3 C higher than previously seen.

* One vessel with liquefied natural gas (LNG) arrived in Britain on Sunday and two more are expected in the next seven days. .

* Power output from wind turbines is forecast to be high. Peak wind generation is forecast at 10.4 gigawatts (GW) on Monday and expected to rise to 11.5 GW on Tuesday, nearing maximum capacity.

* High output from wind turbines typically reduces demand for electricity produced in gas-fired power stations.

* Day-ahead Dutch gas at the TTF hub fell by 0.10 euros to 24.45 euros per megawatt hour.

* The benchmark Dec-18 EU carbon contract rose by 0.07 euros to 23.44 euros a tonne.

 

Copyright Reuters, 2018
 

 

 

 

Comments

Comments are closed for this article.