NATGAS: NW Europe Temperatures to Peak on Sep 30 Before Cooling Toward Normal
{eu} Temperatures in NW Europe are expected to warm further above normal to a peak around Sep 30 before cooling back closer to normal during the first week of October. * The latest GFS two-week forecast for NW Europe is 1.1 CDD lower and 2.7 HDD higher relative to the previous model run. * The current run shows average temperatures 2.2C above the 10-year normal in week 1 and 1.8C above normal during the second week of the outlook. * Rescom gas consumption in Germany is forecast at 44.8 mcm/d from Sep 23 to Sep 27, 28 mcm/d from Sep 28 to Oct 2, and 44.8 mcm/d from Oct 3 to Oct 6, Bloomberg shows based on the GFS operational run. * The latest GFS two-week forecast for Mediterranean is 4.8 CDD higher relative to the previous model run. The current run shows average temperatures 0.1C above the 10-year normal in week 1 and 0.6C above normal during the second week of the outlook. Source: MNI / Bloomberg Finance L.P.