Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Natural Gas

UK wholesale natural gas prices firm on European weather, Rough outage

LNG | Natural Gas

GECF gas exporters summit to take place in Equatorial Guinea

LNG | Natural Gas | NGL

Platts LNG Alert

Capital Markets | Commodities | Electricity | Energy | LNG | Natural Gas | Shipping | Leveraged Finance & High Yield | Materials | Building & Construction | Financial Services | Banking | Infrastructure | Structured Finance

Infrastructure Summit

Natural Gas | Oil | Crude Oil

UK oil producers see Labour windfall tax as threat to North Sea

UK wholesale natural gas prices firm on European weather, Rough outage

London — UK wholesale natural gas prices continued their recent bullish trend early Thursday, despite a long gas system, as weaker imports from Continental Europe and further Rough maintenance boosted the near-term NBP.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The UK gas system was well supplied, as physical flows of 351 million cu m/d were ahead of demand forecasts for Thursday of 340 million cu m.

Within-day and day-ahead were seen trading at 54.50 pence/therm and 54.40p/th respectively in early exchanges -- the day-ahead contract was assessed at53.675 p/th Wednesday.

Imports from Continental Europe were set to fall on the day with firm demand for gas across the Channel on weak LNG regasification and colderweather.

IUK 10:00 am import nominations were 11 million cu m, well down on the levels recorded during the beginning of January, and BBL imports were running at 18 million cu m/d.

In addition, withdrawals from the long-range Rough reservoir were down to15 million cu m/d on further maintenance work affecting withdrawal capacitythat began 08:00 am Thursday.

Withdrawal capacity from Rough would be limited to 238 GWh/d (22.5 million cu m/d) until 13:00 Thursday and to 106 GWh/d from 13:00 Thursday to 03:00 am Friday according to owner-operator Centrica Storage Ltd.

To cover the losses, medium-range withdrawals picked up in pace, running at a combined 42 million cu m/d Thursday morning.

Elsewhere, Norwegian gas imports were flowing at 139 million cu m/d Thursday morning according to Norwegian gas operator Gassco.

South Hook LNG regasification was unchanged on the day at 5 million cu m/d. The Qatari Al Samriya LNG tanker is a potential arrival early February.

Contracts gapped higher on the NBP curve as concerns over storage levels in both the UK and Continental Europe crept in. Front-month February was done at 54.40 p/th, 0.90 p/th higher than the previous close.