British wholesale gas prices fell on Tuesday morning as rising flows from Norway oversupplied the system, while power production from wind turbines was seen rising in coming days.
* Day-ahead gas price was down by 0.35 pence at 34.25 pence per therm at 0745 GMT.
* The month-ahead contract was down 0.35 pence lower at 34.00 pence per therm.
* Increased flows from Norway and expected higher power generation from wind turbines pressured prices, a gas trader said.
* Demand is forecast at 165.7 million cubic metres (mcm) and supply at 177.8 mcm/day, leaving the system oversupplied by 12.1 mcm, according to National Grid data.
* Total Norwegian flows to Britain are 3 mcm higher than the previous working day at 74 mcm/day. The impact of an unplanned outage at Norway's Aasta Hansteen field has been reduced and flows through Langeled pipeline increased.
* Peak wind generation is forecast low at nearly 1.2 gigawatts (GW), but is expected to rise to 5.5 GW on Wednesday, out of a total metered capacity of around 12 GW, Elexon data shows.
* High wind power output typically reduces demand from gas-to-power plants.
* Britain received one Qatari liquefied natural gas (LNG) cargo on Monday and expects one more on July 20.
* In the Dutch gas market, the day-ahead price at the TTF hub was down by 0.37 euro at 12.48 euros per megawatt hour.
* Benchmark Dec-19 EU carbon contract was up by 0.18 euro at 29.23 euros a tonne.
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