July 20, 2017 / 8:44 AM / 2 years ago

UK GAS-Prompt prices rise as imports from Norway drop

LONDON, July 20 (Reuters) - Prompt British wholesale gas prices rose on Thursday morning, as imports from Norway fell, leaving the British gas system undersupplied. * British within-day gas price up by 2.00 pence to 36.50 pence/therm at 0833 GMT. * Day-ahead gas price up by 1.90 pence to 36.50 p/therm. * British gas system undersupplied by 14.8 million cubic metres (mcm), with demand forecast at 199.5 mcm and flows at 184.7 mcm/day, National Grid data showed. * Traders said lower imports from Norway due to an extended outage had cut supplies to Britain, pushing up prices. * Imports from Norway through the Langeled pipeline were around 30 mcm, down from over 40 mcm the previous day. * Norwegian output has been curbed due to an outage at the Kollsnes gas processing plant, which began on July 17 and is now expected to last seven days, up from the previously announced two to three days, operator Gassco said. * August gas contract up by 1.20 pence to 36.20 p/therm. * Winter 2017 contract up by 0.28 pence to 45.23 p/therm. * Day-ahead gas price at the Dutch TTF hub up by 0.07 euro to 15.10 euros per megawatt hour. * Benchmark Dec-17 EU carbon contract up by 0.02 euros to 5.41 euros per tonne. * Thomson Reuters analyst view: here (Reporting By Susanna Twidale; Editing by Edmund Blair)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below