Dutch and German spot gas prices ticked up Friday, following the falls at the end of Thursday's session, with the German NetConnect day-ahead rebounding the most.
By around midday London time, TTF day-ahead last dealt at Eur12.20/MWh, up 5 euro cent compared with Thursday's closing level.
The German NetConnect day-ahead was dealt at Eur12.575/MWh at around midday Friday, a rebound of 27.5 euro cent from Thursday's drop of 40 euro cent to Eur12.30/MWh.
The GASPOOL day-ahead last dealt at Eur12.50/MWh, flat on the day. In the previous session, the contract had ticked down just 15 euro cent.
Expectations of a slight rise in demand on Monday also helped support spot prices.
Eclipse Energy, an analytics unit of Platts, forecast at around midday London time domestic consumption in the Netherlands Monday of 126.4 million cu m, up 3.4 million cu m from Friday.
In Germany, Monday's consumption was expected to remain stable compared with Friday at just over 330 million cu m.
Eclipse's short-term demand model is calculated from demand, temperature and wind speed out-turns in addition to deviations between weather forecasts and these last out-turns.
CustomWeather forecast temperatures in Amsterdam to be at the seasonal norm Friday and Monday.
However, in Frankfurt, temperatures are expected to fall to 3 degrees Celsius below the seasonal norm Monday from 2 C below on Friday. In Berlin, temperatures were expected to stay at 2 C below the norm on both days.
On the supply side, nominated imports into Germany were expected at 433.2 million cu m Friday and 434.6 million cu m Monday, while total flows into the Netherlands were nominated at 198 million cu m on both days.
Russian nominated gas into Europe was indicated at 289 million cu m Friday and Monday. Norwegian nominated gas into Europe was also expected to be stable, at 315 million cu m, on both days, Eclipse said.
Real-time Norwegian flow rates into Emden-Dornum on the Dutch-German border stood at 131.8 million cu m/day at around midday London time, down about 3 million cu m day on day, according to network operator Gassco.
At about midday London time, TTF April's last trade was at Eur12/MWh, up 17.5 euro cent.
There was little trading in the German prompt but a fair value on the April NCG was reported at Eur12.30/MWh at about midday. The contract closed at Eur12.15/MWh Thursday.
