Prices rise on Norwegian maintenance, geopolitical concerns
LONDON, Aug 28 (Reuters) -Dutch and British wholesale gas prices continued their upwards trend on Wednesday morning, as Norway's annual maintenance starts this week, while the market remains on edge over the impact on supply of the Ukraine-Russia conflict.
The benchmark front-month contract at the Dutch TTF hub TRNLTTFMc1 was up 0.24 euros at 39.05 euros ($43.3) per megawatt hour (MWh), or 12.69 $/mmBtu, by 0857 GMT, according to LSEG data.
In the British market, the day-ahead contract TRGBNBPD1 was up 2.50 pence at 92.50 pence per therm.
"The upward movement reflects the fear premium and market sentiment around supply-side disruption due to ongoing geopolitical tensions ... counter to the relaxed demand outlook," said LSEG analyst Timothy Crump.
A significant part of Norway's annual maintenance period begins this week with multiple ongoing outages.
Norwegian nominations have dropped by 10 million cubic meters per day (mcm/d) on the day ahead, with Franpipe, Emden and Dornum all edging down as planned maintenance starts to ramp up at both fields and processing plants, LSEG data showed.
Russia said the West was playing with fire by considering allowing Ukraine to strike deep into Russia with Western missiles, and cautioned the United States on Tuesday that World War Three would not be confined to Europe.
Russian gas still flows to Europe and gas producer Gazprom GAZP.MM said it would send 42.4 million cubic metres (mcm) of gas to Europe via Ukraine on Wednesday, unchanged from Tuesday.
European gas storage levels have reached 91.83% of capacity, having hit a Nov. 1 target two months early, Gas Infrastructure Europe data showed.
In Britain, temperatures are set to continue to drop to a low on the day, before rising again over the weekend.
In the European carbon market, the benchmark contract CFI2Zc1 rose 0.97 euros to 71.46 euros per metric ton.
($1 = 0.8951 euros)
Reporting by Marwa Rashad; Editing by David Holmes
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
