UK Gas Summary Report published on the Gas-Day of Mon 18th November 2013

UK Gas Summary Report published on the Gas-Day of Mon 18th November 2013

Demand / Supply 

The UK gas market was oversupplied by 6.17 MCm, with actual demand on 17-Nov, at 252.58 MCm/day, recorded as 2% below the seasonal normal. The actual demand was less than the forecasted demand by 2.59 MCm, National Grid data showed. 

Today's forecast demand is 270 MCm/day, below the seasonal normal by 1 MCm. The physical flow into NTS is 272.94 MCm, at present. 

Tomorrow's demand forecast is 294 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
17/11	258.75	7.57	252.58	4.74	6.17	255.17	7.91
16/11	251.18	-25.06	247.84	-23.33	3.34	247.26	-23.53
15/11	276.24	-	271.17	-	5.07	270.79	-

System Prices 

Average gas price closed at 66.46 p/Therm on Sunday, 17-Nov, less than the closing price on 16-Nov by 02.17 p/Therm. The 7 day rolling average as on 17-Nov was calculated to be 68.31 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
17/11	67.32	-2.17	66.46	-2.17	63.73	-3.25
16/11	69.49	-1.49	68.63	-1.14	66.98	-1.93
15/11	70.98	-	69.77	-	68.91	-

Linepack 

UK Gas System opened as 'Long' on Monday with Net Imbalance being 22.35 MCm. The opening linepack was recorded at 348.6 MCm while the closing linepack was estimated to be 360.28 MCm, at 14:00 hours. The last three days' Linepack summary (in MCm) is shown below – 

Date	Opening Status	Net Imbalance	Opening Linepack	PCLP Min	PCLP Max
17/11	Long	13.07	345.38	347.04	364.05
16/11	Long	07.93	341.34	341.92	350.48
15/11	Long	21.51	337.81	334.86	359.32