UK Gas Summary Report published on the Gas-Day of 11th of November 2013
Demand / Supply
The UK gas market was oversupplied by 0.33 MCm, with actual demand on 10-Nov, at 251.59 MCm/day, recorded as 4% above the seasonal normal. The actual demand was more than the forecasted demand by 0.89 MCm, National Grid data showed.
Today's forecast demand is 252 MCm/day, below the seasonal normal by 4 MCm. The physical flow into NTS is 254.35 MCm, at present.
Tomorrow's demand forecast is 247 MCm/day. The Demand – Supply summary (in MCm/day) for last three days is as shown below –
System Prices
Average gas price closed at 64.89 p/Therm on Sunday, 10-Nov, less than the closing price on 09-Nov by 00.16 p/Therm. The 7 day rolling average as on 11-Nov was calculated to be 65.66 p/Therm. Price summary (in p/Therm) for the last three days is as shown below –
Linepack
UK Gas System opened as 'Long' on Monday with Net Imbalance being 25.22 MCm. The opening linepack was recorded at 339.69 MCm while the closing linepack was estimated to be 338.91 MCm, at 05:00 hours. The last three days' Linepack summary (in MCm) is shown below –
The UK gas market was oversupplied by 0.33 MCm, with actual demand on 10-Nov, at 251.59 MCm/day, recorded as 4% above the seasonal normal. The actual demand was more than the forecasted demand by 0.89 MCm, National Grid data showed.
Today's forecast demand is 252 MCm/day, below the seasonal normal by 4 MCm. The physical flow into NTS is 254.35 MCm, at present.
Tomorrow's demand forecast is 247 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 |
|---|---|---|---|---|---|---|---|
| 10/11 | 251.92 | -5.78 | 251.59 | -8.83 | 0.33 | 250.70 | -11.10 |
| 09/11 | 257.70 | 0.30 | 260.42 | 10.17 | -2.72 | 261.80 | 8.28 |
| 08/11 | 257.40 | - | 250.25 | - | 7.15 | 253.52 | - |
Average gas price closed at 64.89 p/Therm on Sunday, 10-Nov, less than the closing price on 09-Nov by 00.16 p/Therm. The 7 day rolling average as on 11-Nov was calculated to be 65.66 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 |
|---|---|---|---|---|---|---|
| 10/11 | 65.75 | -0.93 | 64.89 | -0.16 | 63.99 | -0.20 |
| 09/11 | 66.68 | -1.37 | 65.05 | -2.13 | 64.19 | -2.10 |
| 08/11 | 68.05 | - | 67.18 | - | 66.29 | - |
UK Gas System opened as 'Long' on Monday with Net Imbalance being 25.22 MCm. The opening linepack was recorded at 339.69 MCm while the closing linepack was estimated to be 338.91 MCm, at 05:00 hours. The last three days' Linepack summary (in MCm) is shown below –
| Date | Opening Status | Net Imbalance | Opening Linepack | PCLP Min | PCLP Max |
|---|---|---|---|---|---|
| 10/11 | Long | 04.28 | 339.86 | 339.48 | 356.24 |
| 09/11 | Long | 11.70 | 344.11 | 334.09 | 355.81 |
| 08/11 | Long | 05.58 | 338.95 | 321.14 | 344.53 |
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