Wholesale #energymarketreport from #bcconsultants today - Gas: Current DA 65.75 September 2013 - 65.45. o The UK gas market was again rather well-supplied on Friday. Supplies from St Fergus, Langeled, BBL and LNG were all rather comfortable; gas consumption is still significantly below seasonal levels mainly due to weak demand for power generation. IUK flows to Belgium have been at zero since Thursday and during the whole weekend. Consequently, stock levels in the UK have moderately recovered and are now back into historical range (but still rather low). o NBP ICE August prices inched down by 0.7% to 65.20 pence/th yesterday. TTF Endex August 2013 prices were down at 25.73/MWh. o IUK flows from the UK to Belgium are back this morning (which increases NTS gas demand) but supplies look still comfortable. Therefore, we would not exclude the downside - however limited as maintenances are still ahead of us - to continue today. o On the far curve, TTF Endex cal 2014 prices were almost unchanged on Friday: -0.1% at the close, to 26.300 EUR/MWh. o If near-term gas prices go down, we would not exclude some limited losses on this calendar contract as well.
Posted on: Mon, 05 Aug 2013 09:15:20 +0000
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