At around 08:35 London time UK within-day and day-ahead were last traded at 40 pence/therm, more or less equal to Monday's 39.9 p/th day-ahead closing level.
The Q1 11 contract traded Tuesday morning at 50.1 p/th, in line with Monday's close.
National Grid showed supplies for the day expected at 235 million cubic meters, almost equal to demand of 237 million cu m. Admittedly, unlike Monday the system was not long on gas, but that was probably because suppliers had turned down slightly after the system ran long throughout most of Monday's session.
The BBL pipe from the Netherlands remained shut, due back Thursday morning, while Norway's Langeled line was flowing about 20 million cu m/day into the UK.
South Hook and Grain LNG were both still flowing out gas. The Qatari LNG tanker, the Al Thumama, berthed at Grain on Monday. The Qatari Onaiza is currently berthed at South Hook.
Qatar's Al Ghuwairiya is due at South Hook Wednesday, followed by the Qatari Umm Slal delivering to the same terminal next week on Tuesday September 14, according to port data.
That cargo is scheduled to arrive in the middle of a major outage period, with the UK-Belgium Interconnector out of action and Rough storage shut down. Traders will not be able to export gas to the Continent during this period, nor to put it into the UK's main storage, possibly leaving a lot of excess gas on the market.
Some traders had said that there might be less LNG reaching the UK during the outage period, as UK gas demand would be lower and it might be more profitable to send the ships elsewhere.
The Interconnector shuts down September 9 and Rough on September 10. Meanwhile, Norwegian flows could pick up Wednesday as the Karsto processing plant returns from a three week outage.
China Chemical Weekly: http://news.chemnet.com/en/detail-1411716.html
