Advertisement
UK markets close in 2 hours 11 minutes
  • FTSE 100

    7,844.94
    -32.11 (-0.41%)
     
  • FTSE 250

    19,328.72
    -121.95 (-0.63%)
     
  • AIM

    743.25
    -2.04 (-0.27%)
     
  • GBP/EUR

    1.1674
    -0.0009 (-0.08%)
     
  • GBP/USD

    1.2454
    +0.0015 (+0.12%)
     
  • Bitcoin GBP

    51,959.24
    +1,996.89 (+4.00%)
     
  • CMC Crypto 200

    1,336.78
    +24.15 (+1.88%)
     
  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     
  • DOW

    37,775.38
    +22.07 (+0.06%)
     
  • CRUDE OIL

    82.28
    -0.45 (-0.54%)
     
  • GOLD FUTURES

    2,393.40
    -4.60 (-0.19%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     
  • DAX

    17,751.79
    -85.61 (-0.48%)
     
  • CAC 40

    8,027.23
    +3.97 (+0.05%)
     

UK GAS-Norwegian supply dip and domestic outages lift prices

LONDON, Nov 20 (Reuters) - British spot gas prices rose on Monday as lower imports from Norway and multiple potential unplanned outages affecting domestic output looked set to tighten supply. * Within-day gas was up by 1.18 pence at 53.03 pence per therm. * Day-ahead gas rose 0.30 pence to 52.50 pence per therm at 1015 GMT. * Norwegian flows to Britain fell by 9 million cubic metres/day (mcm/day) to 114 mcm/day, data from Norwegian grid operator Gassco showed. * UK Continental Shelf gas production lagged on Monday as flows into the St. Fergus NSMP terminal dropped 10 mcm/day to 34 mcm/day, Teesside PX receipts fell around 5 mcm/day to just above 5 mcm/day, and Bacton Shell dipped 3 mcm/day to 8 mcm/day - National Grid (LSE: NG.L - news) data. * Flows into Bacton Seal posted a 5 mcm/day loss to 5 mcm/day. * "The latest weather forecasts beyond the end of this week have been revised colder, with weekend and working days next week demand up sharply," Thomson Reuters (Dusseldorf: TOC.DU - news) analysts said. * Despite tightening supply, Britain's gas system was balanced with demand forecast at 270.9 mcm and supply at 271.8 mcm/day, National Grid data showed. * The December contract was up by 1.60 pence at 54 pence/therm, reflecting revised forecasts indicating colder temperatures in late November and early December. * In the Dutch gas market, the day-ahead gas price at the TTF hub rose by 0.37 euro to 19.42 euros per megawatt hour (MWh). * The benchmark Dec (Shanghai: 600875.SS - news) -17 EU carbon contract fell by 0.14 euro to 7.34 euros a tonne. * Thomson Reuters analyst view: http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageid=united-kingdom-gas (Reporting by Oleg Vukmanovic; Editing by Edmund Blair)