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Dutch and German day-ahead gas prices edged higher on the forward curve Thursday
morning, following rising Brent crude prices and despite lower demand expectations that
continued to drag TTF prompt contracts lower.
* Norwegian flows down to 46 million cu m Wednesday
* Velke Kapusany gas receipts up on higher Italian demands
* Temperatures in Germany 7-9 C above norms
Around midday London time, TTF Summer 2018 and Summer 2019 traded at Eur16.825/M
Wh and Eur 16.45/MWh, up 2.5 euro cent/MWh and 5 euro cent/MWh, respectively, from
Wednesday's assessment.
The momentum received on the curve was boosted by bullish Brent crude prices overnight,
a trader said.
TTF day-ahead last dealt at Eur17.775/MWh, down 5 euro cent/MWh from Wednesday's
assessment, while the German NetConnect day-ahead advanced 12.5 euro cent/MWh to
Eur17.85/MWh.
CustomWeather forecast Friday temperatures in Amsterdam at 4 degrees Celsius above
seasonal norms of 6/1 C, compared with 6 C above Thursday.
Friday temperatures in Berlin, in the German GASPOOL gas prices area, were expected at
9 C above seasonal norms of 3/-2 C, while in Munich, in the NCG area, Friday temperature
s were expected steady at 7 C above norms.
On the supply side at around midday London time, Norwegian flow rates into Emden-Dornum
on the Dutch-German border were 128 million cu m/d, compared with 106 million cu m/d on
Wednesday, according to transmission system operator Gassco.
Norwegian gas flows to Netherlands dropped on Wednesday to 46 million cu m from 61.4
million cu m on Tuesday, according to S&P Global Platts Analytics.
Nominations for Dutch gas production were at 103 million cu m on Thursday.
Russian gas flows via Velke Kapusany, on the Slovakia/Ukraine border, which receives gas vi
a the Brotherhood pipeline, rose to 52.7 million cu m on Wednesday as the Italian gas system
required more Russian gas on Thursday's gas day due to a cut in import capacity from
Algeria lasting 24 hours.
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