UK Gas Summary Report published on the Gas-Day of 16th of November 2013

UK Gas Summary Report published on the Gas-Day of 16th of November 2013

Demand / Supply 

The UK gas market was oversupplied by 5.07 MCm, with actual demand on 15-Nov, at 271.17 MCm/day, recorded as 5% above the seasonal normal. The actual demand was more than the forecasted demand by 0.38 MCm, National Grid data showed. 

Today's forecast demand is 248 MCm/day, below the seasonal normal by 5 MCm. The physical flow into NTS is 252.04 MCm, at present. 

Tomorrow's demand forecast is 249 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
15/11	276.24	13.58	271.17	9.70	5.07	270.79	7.14
14/11	262.66	0.14	261.47	2.82	1.19	263.65	3.02
13/11	262.52	-	258.65	-	3.87	260.63	-

System Prices 

Average gas price closed at 69.77 p/Therm on Friday, 15-Nov, less than the closing price on 14-Nov by 00.43 p/Therm. The 7 day rolling average as on 16-Nov was calculated to be 67.8 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
15/11	70.98	-0.30	69.77	-0.43	68.91	-0.43
14/11	71.28	0.40	70.20	0.51	69.34	0.51
13/11	70.88	-	69.69	-	68.83	-

Linepack 

UK Gas System opened as 'Long' on Saturday with Net Imbalance being 7.93 MCm. The opening linepack was recorded at 341.34 MCm while the closing linepack was estimated to be 344.04 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
15/11	Long	21.51	337.81	334.86	359.32
14/11	Long	01.13	337.94	333.99	344.49
13/11	Long	17.86	337.55	328.26	355.41