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NBP: Natural gas prices fall on Norway's Troll C return, rising LNG send-out

20 Nov 2012 04:25:34 | lmd

Natural gas prices weakened on 19 November as the NBP remained well-supplied. Further out, the price direction was mixed, with the near seasons gaining ground. In the morning, Norway's Statoil said production at the Troll C platform resumed, after it was halted on 15 November.

However, maintenance scheduled for 18-19 November at the CATS riser platform appears to have been delayed, as flows through the Teesside PX terminal decreased only at the start of 19 November's gas day, National Grid data showed. With the exception of St Fergus Total, other flow rates to the NTS were either stable or firming. System operator data showed that throughput at the Scottish entry point fell to around 30 million cubic metres (Mm³)/day at the start of the gas day, having risen to 44Mm³/day overnight.

LNG send-out rose, abating any concerns that NBP would not be able to attract enough liquefied gas this winter. National Grid data showed gas from South Hook flowing at 26Mm³/day throughout the session. The Welsh terminal's daily average delivery so far in November is at 15Mm³/day. In November 2011, the rate was at 23Mm³/day.

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