UK Gas Summary Report published on the Gas-Day of Wed 23rd Oct 2013

UK Gas Summary Report published on the Gas-Day of Wed 23rd Oct 2013

Demand / Supply 

The UK gas market was oversupplied by 2.76 MCm, with actual demand on 22-Oct, at 175.47 MCm/day, recorded as 22% below the seasonal normal. The actual demand was less than the forecasted demand by 2.95 MCm, National Grid data showed. 

Today's forecast demand is 178 MCm/day, below the seasonal normal by 47 MCm. The physical flow into NTS is 187.34 MCm, at present. 

Tomorrow's demand forecast is 192 MCm/day. The Demand – Supply summary (in MCm/day) for last three days is as shown below – 

Date	Physical Flow	Chg	Actual Demand	Chg	Net Imbalance	Forecast Demand	Chg
22/10	178.23	6.96	175.47	7.31	2.76	178.42	4.94
21/10	171.27	10.52	168.16	10.57	3.11	173.48	13.12
20/10	160.75	-	157.59	-	3.16	160.36	-

System Prices 

Average gas price closed at 66.27 p/Therm on Tuesday, 22-Oct, less than the closing price on 21-Oct by 00.24 p/Therm. The 7 day rolling average as on 23-Oct was calculated to be 66.1 p/Therm. Price summary (in p/Therm) for the last three days is as shown below – 

Date	SMP Buy	Chg	SAP	Chg	SMP Sell	Chg
22/10	67.14	-0.23	66.27	-0.24	65.41	-0.23
21/10	67.37	-0.42	66.51	-0.42	65.64	-0.43
20/10	67.79	-	66.93	-	66.07	-

Linepack 

UK Gas System opened as 'Short' on Wednesday with Net Imbalance being -15.18 MCm. The opening linepack was recorded at 344.77 MCm while the closing linepack was estimated to be 343.03 MCm, at 04:00 hours. The last three days' Linepack summary (in MCm) is shown below – 

Date	Opening Status	Net Imbalance	Opening Linepack	PCLP Min	PCLP Max
22/10	Short	-05.41	342.72	333.77	344.18
21/10	Short	-15.64	343.97	328.22	343.05
20/10	Short	-18.97	342.69	323.72	344.65