British wholesale gas prices fell on Thursday due forecasts for higher temperatures than previously expected and as the holiday season reduced demand for industrial gas consumption.
* Day-ahead gas was down 2.30 pence at 64.70 pence per therm at 0900 GMT.
* Within-day gas price down 2.55 pence at 63.75 p/therm.
* Gas prices fell due to higher temperatures than what the market previously expected, and as gas demand for industrial consumption was also lower due to the holiday season, a trader said.
* Average daily temperatures in Britain are expected to be 6.4 degrees Celsius on Thursday, warmer than previously seen, rising to 6.6 C on Friday.
* The system was oversupplied. Gas demand in Britain was forecast at 269.2 million cubic metres/day and flows at 292.4 mcm/day, National Grid data showed.
* Norwegian gas flows to Britain were strong, even though lower at 117 mcm/day from 122 mcm/day on Monday.
* Three vessels with liquefied natural gas are expected to arrive in Britain by Sunday..
* Jan contract fell 2.15 p to 66.35 p/therm.
* Day-ahead Dutch gas at the TTF hub fell by 0.15 euro to 23.95 euros per megawatt hour.
* The benchmark Dec-19 EU carbon contract fell by 0.04 euro to 25.14 euros a tonne.
Comments
Comments are closed.