London — Dutch natural gas production ramped up over the weekend to hit its highest level in nearly 14 months on Saturday as gas demand in the country rose on the back of colder air from Scandinavia moving over the region, data from S&P Global Platts Analytics showed Monday.
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Indigenous gas production in the country rose to 174 million cu m on Saturday, the highest daily production volume since January 20 last year, and remained high during Sunday's gas day at 172 million cu m.
As a result, Dutch gas production more than doubled last weekend to 347 million cu m compared to the previous weekend's production of 171 million cu m, and stood 43% higher than the March 1-16 average of 121 million cu m/d.
Demand in the country also rose on the back of temperatures falling back below seasonal averages over the weekend, with Dutch gas demand hitting 162 million cu m on Saturday -- a two-week high -- and 157 million cu m on Sunday after having totaled 174 million cu m during the previous weekend.
Moreover, flows of Norwegian gas into the Netherlands via the Emden-Dornum complex on the Dutch/German border fell back after having reached record highs in the first part of Week 11.
Norwegian gas receipts in the Dutch gas network dropped back to 60 million cu m on Saturday and to 52 million cu m on Sunday after having been above the 80 million cu m/d mark on both Tuesday and Wednesday the previous week, as more gas was sent to Germany from the complex.
Storage withdrawals also picked up over the weekend, rising to a 15-day high of 59 million cu m during Sunday's gas day, but remained well below the levels seen in late February/early March due low stock levels in reservoirs.
However, the high demand/high production period may be short-lived, with the below-average temperatures across northwest Europe not expected to linger for a lengthy period of time.
CustomWeather forecasts showed temperatures over Amsterdam 7 degrees Celsius below the 11/3 C seasonal norm on Monday ahead of increasing to 4 C below average Tuesday, to 3 C below average on both Wednesday and Thursday, before rising back in line with seasonal norms on Friday.