Wholesale Gas Price Trend ChartA ramp-up in supply and expectation of low demand pushed the NBP contracts down on Monday. The NBP Day-ahead contract was down 1.000p/th yesterday settling at 40.000p/th, and the Gas Year 15 contract was down 0.587p/th to 40.588p/th.
Flow/System/Storage update: Norwegian flows increased from a rate of 30-40mcm/d on Friday to 50mcm/d on Monday. Supply was also boosted by an increase in LNG send-out from South hook at a rate of about 35mcm/d, and this might indicate the arrival of a new LNG cargo over the coming week. The British system opened oversupplied and remained so throughout the day.
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