Dutch and British wholesale gas prices were little changed on Tuesday morning with temperatures expected to turn warmer and strong imports of liquefied natural gas (LNG).

The benchmark front-month contract at the Dutch TTF hub TRNLTTFMc1 was up 0.09 euro at 45.10 euros per megawatt hour (MWh), or $13.91/mmbtu, by 0955 GMT.

The Dutch day-ahead contract TRNLTTFD1 rose 0.10 euros at 45.05 euros/MWh.

In Britain the day-ahead contract TRGBNBPMc1 rose 0.80 pence at 112.00 pence per therm.

“The fundamental context is rather mixed in the short term with another upward revision in temperature forecasts for next week and a relatively strong LNG delivery schedule for the coming days on the bearish side,” analysts at Engie EnergyScan wrote in a daily research note.

“But strong gas demand for power generation in the coming days due to low wind output and another unplanned outage at the Asgard gas field in Norway …could provide some support,” they said.

Eleven LNG cargoes are expected to unload in Britain over the next 17 days, LSEG data showed.

Gas flows to Europe from Russia remained stable. Russian supplier Gazprom GAZP.MM said it would send 42.4 million cubic metres (mcm) of gas to Europe via Ukraine on Tuesday, the same volume as on Monday.

In the European carbon market CFI2Zc1, the benchmark contract was up 0.54 euro at 66.91 euros per metric ton.
Source: Reuters (Reporting by Susanna Twidale; editing by Jason Neely)