LONDON, Jan 17 (Reuters) - British and Dutch gas prices
mostly declined on Monday morning on robust liquefied natural
gas (LNG) volumes and as higher wind power output was set to
lower gas-for-power demand.
The British contract for February delivery was
down 7.50 pence at 202.50 pence per therm by 1102 GMT, while the
Dutch March contract was 2.78 euros lower at 83.50
euros per megawatt hour (MWh).
In Britain, wind power output is expected to rise above the
seasonal norm over the next couple of weeks, which could lower
power-for-gas demand.
Asian spot liquefied natural gas (LNG) prices fell last week
amid ample stock levels and a mild temperature forecast, helping
to maintain a steady flow of cargoes heading to Europe.
LNG send-out in northwest Europe is forecast today at 1,809
gigawatt hours (GWh) per day, up from 1687GWh/d on Friday,
Refinitiv Eikon data showed.
However, the Dutch front-month contract was up
by 1.15 euros at 84.50 euros/MWh.
Russia's Gazprom did not book gas transit capacity for
exports via Yamal-Europe pipeline for February or two other
crossing points into Ukraine on Monday morning.
It did book around 11.14 mcm/day of caapcity via Velke
Kapusany on the Slovakia-Ukraine border for Thursday.
Total Norwegian export nominations have fallen by 12 million
cubic metres (mcm) to 316 mcm/day due to more outages at fields,
reducing flows to Britain and continental Europe.
An outage at the Troll field has been extended to Jan. 19,
while unplanned outages have started at Skarv and Sleipner over
the weekend.
Temperatures in Britain and north-west Europe are forecast
to be mostly below the seasonal norm over the next two weeks,
which could raise demand for heating.
In other markets, the European benchmark December 2022
emission allowance (EUA) contract euros were down by
1.06 at 81.02 euros a tonne.
(Reporting by Nina Chestney)