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Dutch gas spot prices edge up as supply falls; German, French spot contracts down

Increase font size  Decrease font size Date:2014-10-29   Views:396
Dutch TTF spot prices were edging up day-on-day Monday in response to a tight gas system, while German and French spot contracts are lower on comfortable system balances.

By midday UK time, the TTF day-ahead price was 32.5 euro cent higher on the day at Eur21.825/MWh, while corresponding German GASPOOL and NetConnect contracts were down by 12.5 euro cent to Eur22.075/MWh and Eur22.325/MWh.

PEG Nord day-ahead was last at Eur22.50/MWh, which marked a 25 euro cent day-on-day loss.

Dutch total supply is down 33 million cubic meters against Friday driven by a 25 million cu m decline in production to 180 million cu m, which is also below the seven-day average of 195 million cu m, according to Platts unit Bentek Energy.


Dutch imports of Norwegian gas are nominated steady Monday against Friday at 43 million cu, while German imports from Norway are nominated also nominated steady at 93 million cu m, Bentek said.

Real-time Norwegian flows into Emden-Dornum on the Dutch/German border were nearly 145 million cu m at around midday UK time, according to Norway network operator Gassco.

Meanwhile, Russian deliveries into western Europe are nominated at around recent levels of 230 million cu m.

Russian and Ukraine are due to resume discussions Wednesday aimed at finding a solution to their ongoing gas price dispute.

CustomWeather forecasts temperatures in Amsterdam at 4 C above seasonal norms Monday and Tuesday.

Berlin is also pegged at 4 C above norms Monday, but falling to 2 C above norms Tuesday.

On the curve, TTF November last dealt by midday UK time 17.5 euro cent lower day on day at Eur22.275/MWh, while NCG November was flat at Eur22.75/MWh.

GASPOOL front-month was seen in a Eur22.475-22.575/MWh market at around midday compared with Eur22.55/MWh at Friday's close.
 
 
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