UK Gas Summary Report published on the Gas-Day of 12th of November 2013

UK Gas Summary Report published on the Gas-Day of 12th of November 2013

Demand / Supply 

The UK gas market was oversupplied by 0.92 MCm, with actual demand on 11-Nov, at 250.43 MCm/day, recorded as 2% below the seasonal normal. The actual demand was less than the forecasted demand by 2 MCm, National Grid data showed. 

Today's forecast demand is 235 MCm/day, below the seasonal normal by 24 MCm. The physical flow into NTS is 227.29 MCm, at present. 

Tomorrow's demand forecast is 260 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
11/11	251.35	-0.57	250.43	-1.16	0.92	252.43	1.73
10/11	251.92	-5.78	251.59	-8.83	0.33	250.70	-11.10
09/11	257.70	-	260.42	-	-2.72	261.80	-

System Prices 

Average gas price closed at 65.87 p/Therm on Monday, 11-Nov, more than the closing price on 10-Nov by 00.98 p/Therm. The 7 day rolling average as on 12-Nov was calculated to be 65.56 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
11/11	67.93	2.18	65.87	0.98	65.01	1.02
10/11	65.75	-0.93	64.89	-0.16	63.99	-0.20
09/11	66.68	-	65.05	-	64.19	-

Linepack 

UK Gas System opened as 'Short' on Tuesday with Net Imbalance being -25.19 MCm. The opening linepack was recorded at 336.67 MCm while the closing linepack was estimated to be 337.79 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
11/11	Long	25.22	339.69	329.00	366.62
10/11	Long	04.28	339.86	339.48	356.24
09/11	Long	11.70	344.11	334.09	355.81