Gas prices at Continental Europe's trading hubs were stable Wednesday morning on the back of balanced systems, traders said.
At midday UK time, the day-ahead contract at the Dutch TTF was heard flat to its Tuesday assessment of Eur27.15/MWh.
At the neighboring German NetConnect and GASPOOL hubs, day-ahead prices were seen at Eur27.20/MWh at both, down by 10 and 5 euro cent respectively from Tuesday close.
The French PEG Nord day-ahead contract was also seen at Eur27.20/MWh, down by 15 euro cent from previous close.
Gas for December delivery at the TTF was changing hands at Eur27.30/MWh, 10 euro cent higher than Tuesday's assessment.
"We haven't seen big movements this morning. Norwegian flows are strong, which means systems are well balanced, although that doesn't seem to be the case with the UK NBP. Oil has fallen a little but remains strong, and may gently push the prompt a little higher," a trader said.
Norwegian flows into Germany and the Netherlands through the Emden EMS, Emden NGT and Dornum beach terminals stood, at 1200 GMT, at 145.5 million cubic meters, Gassco's website showed, at similar levels to close on Tuesday.
At 1010 GMT, December ICE Brent traded 66 cents lower, but remained at a strong $110.41/barrel.
The TTF Q1 13 contract inched 5 euro cent higher to Eur27.45/MWh, as did the Summer 13 contract, which was seen at Eur26.60/MWh.
TTF Cal 13 prices were heard at Eur27.30/MWh, up by 10 euro cent.
