Gas prices flat – DMR

The UK’s gas prices have opened flat today, according to npower’s daily market report. The system is long and the linepack is forecast to close 12mcm in length. Norwegian flows through […]

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By Jacqueline Echevarria

The UK’s gas prices have opened flat today, according to npower’s daily market report.

The system is long and the linepack is forecast to close 12mcm in length.

Norwegian flows through the Langeled pipeline are at 49mcm and those via South Hook are at 37mcm.

Exports through the UK Interconnector are at 23mcm.

Gemma Bruce from the Optimisation Desk said: “The UK has three confirmed tankers due to dock here over the next few weeks so we should see LNG send-out remain at this healthy level to make room for the new inventories.”

 

On the power system, the peak margin is below 12GW and wind is generating 3.5GW, providing 10% of the energy mix.

Coal generation is only contributing 1% of the stack.

The French interconnector is importing at full capacity and Dutch flows have halved.

Brent oil is trading at $47.8/bbl ($32.9/bbl).

Ms Bruce added: “Oil prices have pared its weekly gain as reductions in US inventories and in Nigeria are balanced by the return of some production in Canada.

“EU carbon allowances closed 3.5% down yesterday following earlier gains in the week on the back of French announcements around the introduction of a carbon floor.”