Advertisement
UK markets close in 2 hours 49 minutes
  • FTSE 100

    7,957.96
    +25.98 (+0.33%)
     
  • FTSE 250

    19,871.00
    +60.34 (+0.30%)
     
  • AIM

    743.23
    +1.12 (+0.15%)
     
  • GBP/EUR

    1.1694
    +0.0025 (+0.21%)
     
  • GBP/USD

    1.2634
    -0.0004 (-0.03%)
     
  • Bitcoin GBP

    56,054.60
    +5.31 (+0.01%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,250.83
    +2.34 (+0.04%)
     
  • DOW

    39,786.32
    +26.24 (+0.07%)
     
  • CRUDE OIL

    82.57
    +1.22 (+1.50%)
     
  • GOLD FUTURES

    2,228.40
    +15.70 (+0.71%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,491.95
    +14.86 (+0.08%)
     
  • CAC 40

    8,224.25
    +19.44 (+0.24%)
     

UK GAS-Prices rise as supplies from LNG terminals drop

LONDON, Nov 21 (Reuters) - British wholesale gas prices rose on Thursday morning as supplies from the country's liquefied natural gas (LNG) terminals fell, leaving the market undersupplied.

* The within-day contract was up 1.05 pence at 40.90 p/therm at 0934 GMT.

* The day-ahead contract was up 0.10 pence at 40.10 p/therm.

* Traders said send-out from many from some of the country’s LNG terminals was much lower on Thursday.

* Total LNG send-out was 69 mcm, down 24 mcm from the previous day, Eikon Refinitiv data showed.

* Four LNG tankers are scheduled to arrive in Britain by the end of the week, which will replenish supply.

ADVERTISEMENT

* Britain's gas system was undersupplied by 34.5 million cubic metres (mcm), with demand forecast at 310.3 mcm and flows at 275.8 mcm/day, National Grid data showed.

* Output from the country's wind farms is also expected to drop on Friday, boosting demand for gas from power stations.

* Peak wind output is expected at around 10 gigawatts (GW) on Thursday, falling to 7.4 GW on Friday, Elexon data showed.

* Further out on the curve, most contracts also edged higher.

* The December gas contract was up 0.41 p at 40.88 p/therm.

* The summer 2020 contract was up 0.35 p at 38.60 p/therm

* Day-ahead gas price at the Dutch TTF hub up 0.17 euro at 15.35 euros per megawatt hour.

* Benchmark Dec-19 EU carbon contract up 0.07 euro at 24.10 euros per tonne. (Reporting By Susanna Twidale; editing by Nina Chestney)