AIRLINK 191.54 Decreased By ▼ -21.28 (-10%)
BOP 10.23 Decreased By ▼ -0.02 (-0.2%)
CNERGY 6.69 Decreased By ▼ -0.31 (-4.43%)
FCCL 33.02 Decreased By ▼ -0.45 (-1.34%)
FFL 16.60 Decreased By ▼ -1.04 (-5.9%)
FLYNG 22.45 Increased By ▲ 0.63 (2.89%)
HUBC 126.60 Decreased By ▼ -2.51 (-1.94%)
HUMNL 13.83 Decreased By ▼ -0.03 (-0.22%)
KEL 4.79 Decreased By ▼ -0.07 (-1.44%)
KOSM 6.35 Decreased By ▼ -0.58 (-8.37%)
MLCF 42.10 Decreased By ▼ -1.53 (-3.51%)
OGDC 213.01 Increased By ▲ 0.06 (0.03%)
PACE 7.05 Decreased By ▼ -0.17 (-2.35%)
PAEL 40.30 Decreased By ▼ -0.87 (-2.11%)
PIAHCLA 16.85 Increased By ▲ 0.02 (0.12%)
PIBTL 8.25 Decreased By ▼ -0.38 (-4.4%)
POWER 8.85 Increased By ▲ 0.04 (0.45%)
PPL 182.89 Decreased By ▼ -0.14 (-0.08%)
PRL 38.10 Decreased By ▼ -1.53 (-3.86%)
PTC 23.90 Decreased By ▼ -0.83 (-3.36%)
SEARL 93.50 Decreased By ▼ -4.51 (-4.6%)
SILK 1.00 Decreased By ▼ -0.01 (-0.99%)
SSGC 39.85 Decreased By ▼ -1.88 (-4.51%)
SYM 18.44 Decreased By ▼ -0.42 (-2.23%)
TELE 8.66 Decreased By ▼ -0.34 (-3.78%)
TPLP 12.05 Decreased By ▼ -0.35 (-2.82%)
TRG 64.50 Decreased By ▼ -1.18 (-1.8%)
WAVESAPP 10.50 Decreased By ▼ -0.48 (-4.37%)
WTL 1.78 Decreased By ▼ -0.01 (-0.56%)
YOUW 3.96 Decreased By ▼ -0.07 (-1.74%)
BR100 11,697 Decreased By -168.8 (-1.42%)
BR30 35,252 Decreased By -445.3 (-1.25%)
KSE100 112,638 Decreased By -1510.2 (-1.32%)
KSE30 35,458 Decreased By -494 (-1.37%)

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.