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Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada
Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in CanadaView Video
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UK GAS-Prices steady amid mild, windy weather

Thu, 12th Nov 2020 10:27

Nov 12 (Reuters) - British gas prices were steady on
Thursday morning, amid slow trade, and as strong wind output and
mild weather capped demand.

* Gas for day-ahead delivery was flat at 37.00
pence
per therm by 1023 GMT.

* The December contract edged down by 0.05
pence to
39.75 p/therm.

* Optimism about a coronavirus vaccine had lifted market
sentiment
on Wednesday, overshadowing the fact that temperatures were
expected to remain well above average for the coming week,
analysts at Energi Danmark said in a daily report.

* "We think the upturn will come to an end today and
sideways
trading appears likely," they added.

* Robust wind power in Britain also for the next couple of
days
was "destroying gas-for-power demand", said a trader, adding
that weaker prompt prices could put pressure on curve contracts
as well.

* "So I would say prices should stabilise now or go slightly
down," he added.

* The UK market was balanced, with demand at 201 million
cubic
metres (mcm) and supply at 200.5 mcm/day, National Grid data
showed.

* Peak wind power generation is forecast at 13.2 gigawatts
(GW) on
Thursday and 13.1 GW on Thursday, Elexon data showed.

* Refinitiv analysts forecast demand from power stations at
43
million cubic metres (mcm) for Friday, down 1 mcm from the
previous forecast.

* Total liquefied natural gas send-out was nominated at 24
mcm/d
on Thursday morning, down 6 mcm from Wednesday, they added.

* Gas for the day ahead at the Dutch TTF hub was
down
0.10 euros at 13.88 euros per megawatt hour.

* The December TTF gas price fell 0.13 euros to
14.00
euros per megawatt hour.

* The benchmark Dec-20 EU carbon contract fell
0.41
euros to 25.972 euros per tonne.
(Reporting by Nora Buli in Oslo; editing by Nina Chestney)

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