UK wholesale natural gas prices fell at the open Monday because the UK gas system was well supplied due to high LNG sendout combined with robust Norwegian gas imports and demand dampened by mild weather. National Grid 10:00 am local time demand forecasts for Monday were 241 million cu m with physical flows seen at 244 million cu m/d. Both the within-day and day-ahead NBP contracts dropped below 35 pence/therm in early Monday trading and were seen at 34.90 p/th and 34.85 p/th respectively, down 0.325 p/th and 0.25 p/th from the Friday assessments. LNG sendout from the South Hook LNG terminal ramped up at the beginning of Monday’s gas day after having fallen over the weekend and been low on Friday due to an unplanned outage — flow rates were seen at 33 million cu m/d Monday morning. Article continues below… European Gas Daily is a flagship Platts […]