AIRLINK 208.50 Decreased By ▼ -4.32 (-2.03%)
BOP 10.26 Increased By ▲ 0.01 (0.1%)
CNERGY 6.85 Decreased By ▼ -0.15 (-2.14%)
FCCL 33.55 Increased By ▲ 0.08 (0.24%)
FFL 17.08 Decreased By ▼ -0.56 (-3.17%)
FLYNG 21.80 Decreased By ▼ -0.02 (-0.09%)
HUBC 129.35 Increased By ▲ 0.24 (0.19%)
HUMNL 14.04 Increased By ▲ 0.18 (1.3%)
KEL 4.81 Decreased By ▼ -0.05 (-1.03%)
KOSM 6.86 Decreased By ▼ -0.07 (-1.01%)
MLCF 43.00 Decreased By ▼ -0.63 (-1.44%)
OGDC 215.21 Increased By ▲ 2.26 (1.06%)
PACE 7.17 Decreased By ▼ -0.05 (-0.69%)
PAEL 42.10 Increased By ▲ 0.93 (2.26%)
PIAHCLA 16.82 Decreased By ▼ -0.01 (-0.06%)
PIBTL 8.54 Decreased By ▼ -0.09 (-1.04%)
POWER 8.85 Increased By ▲ 0.04 (0.45%)
PPL 184.90 Increased By ▲ 1.87 (1.02%)
PRL 39.48 Decreased By ▼ -0.15 (-0.38%)
PTC 24.80 Increased By ▲ 0.07 (0.28%)
SEARL 99.85 Increased By ▲ 1.84 (1.88%)
SILK 1.03 Increased By ▲ 0.02 (1.98%)
SSGC 41.06 Decreased By ▼ -0.67 (-1.61%)
SYM 18.40 Decreased By ▼ -0.46 (-2.44%)
TELE 9.25 Increased By ▲ 0.25 (2.78%)
TPLP 12.60 Increased By ▲ 0.20 (1.61%)
TRG 66.30 Increased By ▲ 0.62 (0.94%)
WAVESAPP 10.90 Decreased By ▼ -0.08 (-0.73%)
WTL 1.82 Increased By ▲ 0.03 (1.68%)
YOUW 4.08 Increased By ▲ 0.05 (1.24%)
BR100 11,869 Increased By 3.2 (0.03%)
BR30 35,992 Increased By 295 (0.83%)
KSE100 114,060 Decreased By -88.7 (-0.08%)
KSE30 35,887 Decreased By -65.1 (-0.18%)

British wholesale gas prices got a small boost on Tuesday due to a supply deficit in the system and a slight rise in carbon prices.

Day-ahead gas rose 0.30 pence to 44.20 p/therm at 0832 GMT

Within-day gas price up 0.45 pence to 44.40 p/therm

The April contract rose 0.05 pence to 43.50 p/therm

The undersupplied system and the rise in carbon prices pushed gas contracts up, a British gas trader said

"Fundamentals remain bearish, but with stronger carbon... gas should move up," the trader said

The benchmark Dec-19 EU carbon contract rose by 0.14 euro to 23.27 euros per tonne

The system was undersupplied with demand in Britain forecast at 272.2 million cubic metres (mcm) per day and flows at 264.5 mcm/day, National Grid data showed

Norwegian gas flows to Britain rose to 97 mcm/day from 96 mcm/day on Monday

Average daily temperatures in Britain are expected to be 6.4 degrees Celsius on Tuesday and are forecast to rise to 9.1 C on Wednesday

*Peak wind power generation is forecast at 7.3 gigawatts (GW) on Tuesday, rising to 8.6 GW on Wednesday, National Grid data showed

Britain received one liquefied natural gas (LNG) tanker on Monday and expects two more on Tuesday

Copyright Reuters, 2019

Comments

Comments are closed.