Prices firm on cold spell, low wind and Norway outages
Live MintDec 11 - Dutch and British wholesale gas prices were a touch firmer on Wednesday morning as an ongoing cold spell and low wind supported demand and unplanned outages curtailed some Norwegian supply. "Our outlook for today is for prices to perhaps come under a little downside pressure but prices will not fall too far given the upcoming cold spell and the need to remain competitive with Asia for spot LNG," LSEG analyst Wayne Bryan said. Compressor failures at the Kollsnes processing plant and the Aasgard field are curbing Norwegian supply by 17.6 million cubic metres per day until early next week, data from infrastructure operator Gassco showed. However, milder weather forecasts for the second half of December and rising German wind power output from next week could put some pressure on prices, analysts at Engie EnergyScan said in a morning note.
History of this topic
UK faces periods of ‘tight’ electricity supply this winter amid Russia war in Ukraine
The IndependentDiscover Related
)
)
)
