BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

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 (https://pmc.platts.com), Please navigate to Platts Market Center to reset your password.

In this list
Natural Gas

UK NBP natural gas within-day contract drops as demand falls below seasonal norms

Agriculture | Energy | Coal | Electric Power | Natural Gas | LNG | Oil | Metals | Petrochemicals | Shipping

IMO 2020

Natural Gas | Oil

Platts Wellscape P2P

Asia Pacific Petroleum (APPEC)

Natural Gas | LNG

Analysis: Nord Stream outage to be offset by Norway flows, LNG send-outs, Italy balance

UK NBP natural gas within-day contract drops as demand falls below seasonal norms

Highlights


UK demand forecast at 236.2 million cu m Friday

IUK flows to Belgium at 17 million cu m/d

MRS withdrawals drop to 4 million cu m/d

The UK NBP natural gas within-day contract dropped off in Friday morning trade, as total demand in the country was forecast to move below the seasonal average and despite strong medium-range storage withdrawals at the start of the day coupled with increasing UK exports to Continental Europe.

Not registered?

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

Register Now

NBP within-day contract moved 0.80 pence/therm lower to 48.80 p/th, with the day-ahead contract down 0.25 p/th at 48.95 p/th, while the weekend contract was seen trading 0.25 p/th higher at 48.75 p/th.

National Grid saw the UK system almost balanced at 1100 BST, with demand forecast at 236.2 million cu m Friday, moving below the 241.6 million cu m average for the time of year, while physical supply came in at 238.3 million cu m.

London temperatures were forecast to remain at 15-16 degrees Celsius during the weekend, ticking lower to 13 C by Thursday, according to the Met Office.

The Met Office also forecast temperatures next week to remain mild across the UK: "Temperatures will be near average, and it will be feeling warm in the sunshine, apart from the eastern areas which will be feeling rather cold under the cloud."

Medium-range reservoir withdrawals were seen at 4 million cu m/d at 1100 BST, from 22 million cu m earlier in the day and after peaking as high as 38 million cu m/d in the early hours on Friday, while long-range withdrawals from Rough continued to be steady at 8 million cu m/d.

LNG regasification was also seen falling to 30 million cu m/d after rising close to 40 million cu m/d Thursday afternoon, with Isle of Grain sendout dropping to 12 million cu m/d at the start of Friday's gas day and Dragon's sendout dropping from 16 million cu m/d to 13 million cu m/d Thursday afternoon, while South Hook remained steady at 5 million cu m/d.

Flows on the IUK pipeline continued to run from UK to Belgium and were nominated at 17 million cu m/d, according to 1100 BST IUK figures, compared with 11 million cu m Thursday, while BBL flows from Netherlands to the UK remained at zero.

Flows from the St. Fergus terminal in Scotland ticked down to 70 million cu m/d at 1100 BST, from 73 million cu m/d at the start of the gas day, with Langelend flows similarly a touch lower at 62 million cu m/d from 65 million cu m/d earlier.