EU GAS PRICES DOWN
PLATTS - Dutch and German natural gas spot contracts were trading slightly lower Thursday, with weather forecasts seen decreasing throughout the regions.
Near-curve contracts are seen edging higher on crude gains. On the spot, the Dutch TTF day-ahead was trading at Eur15.30/MWh, down 2.5 euro cent/MWh from Wednesday's close.
German prices were also seen ticking down, with the NCG spot contract down 15 euro cent at Eur15.65/MWh, while the GASPOOL spot was 2.5 euro cent lower at Eur15.40/MWh.
NCG's spot premium to the corresponding GASPOOL contract remained at 25 euro cent from Wednesday's close.
CustomWeather forecast temperatures in Amsterdam were seen to remain steady into Friday from Thursday at seasonal norms, then decreasing slightly Saturday at 1 degrees Celsius below seasonal norms.
In Munich, in the NCG area, temperatures were forecast moving steadily down at 3 C below norms Friday, 4 C below norms Saturday from 2 C below norms Thursday.
Similarly in Berlin in the GASPOOL area, temperatures were forecast to be 1 C below norms Friday, from norms seen on Thursday.
Platts Analytics' Eclipse Energy forecast end-of-day consumption in the Netherlands at 67.5 million cu m Friday, flat from Thursday.
Similarly, German end-of-day consumption was forecast at 149.8 million cu m Friday, also steady.
Platts Analytics' short-term demand model is calculated from the latest demand, temperature and wind speed out turns.
The unplanned outage at the SEGAL pipeline asset that began last Wednesday continued with an impact on within-day and day-ahead flows of 18.1 million cu m for a duration of 8-10 days, according to an update from transmission system operator Gassco Thursday morning.
On the supply side at around midday, Norwegian flow rates into Emden-Dornum on the Dutch-German border were around 141.97 million cu m/d, down from 146.16 million cu m/d around the same time Wednesday, according to Gassco.
Net injections into Dutch storage facilities were nominated Thursday at 37.83 million cu m at 1100 GMT, compared with 24.08 million cu m at the same time Wednesday, according to Platts Analyticsdata.
Near-curve natural gas contracts were ticking slightly higher, with TTF July moving up 2.5 euro cent at Eur15.20/MWh, the equivalent GASPOOL contract increased 17.5 euro cent heard trading at Eur15.525/MWh and the NCG contract also higher at 11.5 euro cent at Eur15.74/MWh.
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