UK Gas Summary Report published on the Gas-Day of 14th of November 2013

UK Gas Summary Report published on the Gas-Day of 14th of November 2013

Demand / Supply 

The UK gas market was oversupplied by 3.87 MCm, with actual demand on 13-Nov, at 258.65 MCm/day, recorded as 1% below the seasonal normal. The actual demand was less than the forecasted demand by 1.98 MCm, National Grid data showed. 

Today's forecast demand is 263 MCm/day, same as the seasonal normal. The physical flow into NTS is 264.86 MCm, at present. 

Tomorrow's demand forecast is 266 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
13/11	262.52	26.20	258.65	24.12	3.87	260.63	26.60
12/11	236.32	-15.03	234.53	-15.90	1.79	234.03	-18.40
11/11	251.35	-	250.43	-	0.92	252.43	-

System Prices 

Average gas price closed at 69.69 p/Therm on Wednesday, 13-Nov, more than the closing price on 12-Nov by 00.59 p/Therm. The 7 day rolling average as on 14-Nov was calculated to be 66.45 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
13/11	70.88	0.70	69.69	0.59	68.83	0.59
12/11	70.18	2.25	69.10	3.23	68.24	3.23
11/11	67.93	-	65.87	-	65.01	-

Linepack 

UK Gas System opened as 'Long' on Thursday with Net Imbalance being 1.13 MCm. The opening linepack was recorded at 337.94 MCm while the closing linepack was estimated to be 337.29 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
13/11	Long	17.86	337.55	328.26	355.41
12/11	Short	-25.19	336.67	311.14	338.32
11/11	Long	25.22	339.69	329.00	366.62