AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

British wholesale gas prices rose on Tuesday morning as outages at Norway's Troll field and Nyhamna processing plant reduced imports, while power generation from wind turbines was also low.

* The within-day contract rose by 1.25 pence to 33.25 pence per therm at 0721 GMT.

* Day-ahead gas prices were 0.80 pence higher at 33.00 pence per therm, while the August contract was up by 0.60 pence at 32.50 p/therm.

* "Outages and low wind and solar are pushing gas up," a gas trader said, explaining the price move.

* Britain's total gas imports from Norway were expected to reach 68 million cubic metres (mcm) on Tuesday, 13 mcm short of Monday's levels.

* Maintenance at Norway's giant Troll field started on Tuesday and is seen lasting until July 19, reducing flows by 9 mcm per day.

* An ongoing outage at the Nyhamna gas processing plant was also reducing flows by 9.2 mcm/day and is expected to last until Aug. 27.

* Peak wind generation is low, forecast at 1.8 gigawatts (GW) on Tuesday and 1.5 GW on Wednesday, out of a total metered capacity of around 12 GW, Elexon data shows.

* Low wind output usually increases gas demand for electricity produced in gas-fired power stations.

* Demand is forecast at 173.3 mcm and flows at 155 mcm/day on Tuesday, leaving the system undersupplied by 18.3 mcm, National Grid data shows.

* In the Dutch gas market, the day-ahead gas price at the TTF hub was 0.35 euros higher at 12.25 euros per megawatt hour.

* Benchmark Dec-19 EU carbon contracts were down 0.12 euros at 26.69 euros a tonne.

Copyright Reuters, 2019

Comments

Comments are closed.