UK Gas Summary Report published on the Gas-Day of Fri 25th Oct 2013

UK Gas Summary Report published on the Gas-Day of Fri 25th Oct 2013

Demand / Supply 

The UK gas market was oversupplied by 2.55 MCm, with actual demand on 24-Oct, at 202.46 MCm/day, recorded as 10% below the seasonal normal. The actual demand was more than the forecasted demand by 2.46 MCm, National Grid data showed. 

Today's forecast demand is 190 MCm/day, below the seasonal normal by 31 MCm. The physical flow into NTS is 191.23 MCm, at present. 

Tomorrow's demand forecast is 178 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
24/10	205.01	28.75	202.46	25.97	2.55	200.00	21.80
23/10	176.26	-1.97	176.49	1.02	-0.23	178.20	-0.22
22/10	178.23	-	175.47	-	2.76	178.42	-

System Prices 

Average gas price closed at 64.23 p/Therm on Thursday, 24-Oct, less than the closing price on 23-Oct by 02.49 p/Therm. The 7 day rolling average as on 25-Oct was calculated to be 66.02 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
24/10	65.09	-2.49	64.23	-2.49	62.98	-2.87
23/10	67.58	0.44	66.72	0.45	65.85	0.44
22/10	67.14	-	66.27	-	65.41	-

Linepack 

UK Gas System opened as 'Long' on Friday with Net Imbalance being 20.12 MCm. The opening linepack was recorded at 345.32 MCm while the closing linepack was estimated to be 345.14 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
24/10	Long	15.22	344.18	342.34	360.67
23/10	Short	-15.18	344.77	320.65	343.03
22/10	Short	-05.41	342.72	333.77	344.18