Dutch and German spot gas prices resumed their falls Wednesday morning after being supported in the previous session, with the bearish UK NBP market setting the tone.
By around midday London time, TTF day-ahead last traded 17.5 euro cent lower day on day at Eur16.40/MWh, while corresponding German GASPOOL and NetConnect were down 27.5 euro cent and 35 euro cent at a Eur16.725/MWh parity.
NBP prices were weighed down by a UK system over 20 million cu m long during the morning on a 15 million cu m/d increase in sendout rates from the South Hook LNG terminal.
The NBP within-day contract last dealt at around midday London time 1.1 pence/therm lower than Tuesday's close at 33p/th.
The near-term continental supply-demand outlook remained bearish, providing further impetus for renewed falls.
CustomWeather forecast temperatures in Amsterdam at 7 degrees Celsius above the 10/4 C high/low norms Wednesday and Thursday, while Berlin was predicted 9 C and 7 C above the 8/2 C seasonal norm the same days.
Temperatures were expected to remain well above seasonal norms in both cities into early next week.
Eclipse Energy, an analytics unit of Platts, forecast at around midday London time domestic demand in the Netherlands at 87.6 million cu m, while Germany was forecast at 242.5 million cu m.
Eclipse's short-term demand model is calculated from latest demand, temperature and wind speed outturns in addition to deviations between weather forecasts and these last outturns.
Real-time Norwegian flow rates into Emden-Dornum on the Dutch-German border stood at around 144 million cu m/day at around midday London time, according to network operator Gassco.
By midday London time, TTF front-month December last traded 17.5 euro cent down day on day at Eur17.125/MWh, while NetConnect December was seen in a Eur17.30-17.475/MWh market compared with Tuesday's Eur17.55/MWh close.
