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Dutch, German natural gas prices edged up ahead of cold spell

Increase font size  Decrease font size Date:2016-01-13   Views:470
Dutch and German prices edged up day on day Monday morning after Friday's sharp losses, with cooler temperatures providing support.

By around midday London time, Dutch TTF February last dealt 20 euro cent up from Friday's close at Eur14.775/MWh, while corresponding German GASPOOL and NetConnect both rose by 12.5 euro cent to Eur15.15/MWh and Eur15.175/MWh, respectively.

TTF February was seen 20 euro cent up from Friday at Eur14.825/MWh.

Eclipse Energy, an analytics unit of Platts, reported average temperatures forecasts for the Netherlands and Germany at 1.0 degrees Celsius and 1.7 C above norms Monday, and 2.8 C and 0.7 C above norms Tuesday.

But temperatures are due to plummet from the latter part of this week, reaching 2 C below norms and and 4.4 C below norms by Sunday for the Netherlands and Germany, respectively.

Eclipse Energy forecast at around midday London time domestic consumption in the Netherlands Monday at 122.1 million cu m, while Germany was forecast at 289 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.

On the supply side, real-time Norwegian flow rates into Emden-Dornum on the Dutch-German border was still slightly subdued at around 139 million cu m/day at around midday London time, despite the end of last Friday's Karsto and Sleipner outages, according to network operator Gassco.

Dutch net storage withdrawals were nominated at nearly 90 million cu m Monday compared with a 64.2 million cu m allocation last Friday.
 
 
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