UK Gas Summary Report published on the Gas-Day of Sun 27th Oct 2013
Demand / Supply
The UK gas market was oversupplied by 2.05 MCm, with actual demand on 26-Oct, at 189.99 MCm/day, recorded as 11% below the seasonal normal. The actual demand was less than the forecasted demand by 1.93 MCm, National Grid data showed.
Today's forecast demand is 179 MCm/day, below the seasonal normal by 37 MCm. The physical flow into NTS is 190.69 MCm, at present.
Tomorrow's demand forecast is 209 MCm/day. The Demand – Supply summary (in MCm/day) for last three days is as shown below –
System Prices
Average gas price closed at 54.37 p/Therm on Saturday, 26-Oct, less than the closing price on 25-Oct by 08.19 p/Therm. The 7 day rolling average as on 27-Oct was calculated to be 63.94 p/Therm. Price summary (in p/Therm) for the last three days is as shown below –
Linepack
UK Gas System opened as 'Long' on Sunday with Net Imbalance being 4.81 MCm. The opening linepack was recorded at 347.45 MCm while the closing linepack was estimated to be 349.2 MCm, at 05:00 hours. The last three days' Linepack summary (in MCm) is shown below –
The UK gas market was oversupplied by 2.05 MCm, with actual demand on 26-Oct, at 189.99 MCm/day, recorded as 11% below the seasonal normal. The actual demand was less than the forecasted demand by 1.93 MCm, National Grid data showed.
Today's forecast demand is 179 MCm/day, below the seasonal normal by 37 MCm. The physical flow into NTS is 190.69 MCm, at present.
Tomorrow's demand forecast is 209 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 |
|---|---|---|---|---|---|---|---|
| 26/10 | 192.04 | 1.87 | 189.99 | 0.96 | 2.05 | 191.92 | 2.03 |
| 25/10 | 190.17 | -14.84 | 189.03 | -13.43 | 1.14 | 189.89 | -10.11 |
| 24/10 | 205.01 | - | 202.46 | - | 2.55 | 200.00 | - |
Average gas price closed at 54.37 p/Therm on Saturday, 26-Oct, less than the closing price on 25-Oct by 08.19 p/Therm. The 7 day rolling average as on 27-Oct was calculated to be 63.94 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 |
|---|---|---|---|---|---|---|
| 26/10 | 55.23 | -8.19 | 54.37 | -8.19 | 48.49 | -13.21 |
| 25/10 | 63.42 | -1.67 | 62.56 | -1.67 | 61.70 | -1.28 |
| 24/10 | 65.09 | - | 64.23 | - | 62.98 | - |
UK Gas System opened as 'Long' on Sunday with Net Imbalance being 4.81 MCm. The opening linepack was recorded at 347.45 MCm while the closing linepack was estimated to be 349.2 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 |
|---|---|---|---|---|---|
| 26/10 | Long | 20.18 | 346.08 | 345.98 | 366.26 |
| 25/10 | Long | 20.12 | 345.32 | 344.28 | 365.44 |
| 24/10 | Long | 15.22 | 344.18 | 342.34 | 360.67 |
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