UK Gas Summary Report published on the Gas-Day of Sat 26th Oct 2013
Demand / Supply
The UK gas market was oversupplied by 1.14 MCm, with actual demand on 25-Oct, at 189.03 MCm/day, recorded as 15% below the seasonal normal. The actual demand was less than the forecasted demand by 0.86 MCm, National Grid data showed.
Today's forecast demand is 192 MCm/day, below the seasonal normal by 22 MCm. The physical flow into NTS is 188.84 MCm, at present.
Tomorrow's demand forecast is 176 MCm/day. The Demand – Supply summary (in MCm/day) for last three days is as shown below –
System Prices
Average gas price closed at 62.56 p/Therm on Friday, 25-Oct, less than the closing price on 24-Oct by 01.67 p/Therm. The 7 day rolling average as on 26-Oct was calculated to be 65.74 p/Therm. Price summary (in p/Therm) for the last three days is as shown below –
Linepack
UK Gas System opened as 'Long' on Saturday with Net Imbalance being 20.18 MCm. The opening linepack was recorded at 346.08 MCm while the closing linepack was estimated to be 345.98 MCm, at 05:00 hours. The last three days' Linepack summary (in MCm) is shown below –
The UK gas market was oversupplied by 1.14 MCm, with actual demand on 25-Oct, at 189.03 MCm/day, recorded as 15% below the seasonal normal. The actual demand was less than the forecasted demand by 0.86 MCm, National Grid data showed.
Today's forecast demand is 192 MCm/day, below the seasonal normal by 22 MCm. The physical flow into NTS is 188.84 MCm, at present.
Tomorrow's demand forecast is 176 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 |
|---|---|---|---|---|---|---|---|
| 25/10 | 190.17 | -14.84 | 189.03 | -13.43 | 1.14 | 189.89 | -10.11 |
| 24/10 | 205.01 | 28.75 | 202.46 | 25.97 | 2.55 | 200.00 | 21.80 |
| 23/10 | 176.26 | - | 176.49 | - | -0.23 | 178.20 | - |
Average gas price closed at 62.56 p/Therm on Friday, 25-Oct, less than the closing price on 24-Oct by 01.67 p/Therm. The 7 day rolling average as on 26-Oct was calculated to be 65.74 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 |
|---|---|---|---|---|---|---|
| 25/10 | 63.42 | -1.67 | 62.56 | -1.67 | 61.70 | -1.28 |
| 24/10 | 65.09 | -2.49 | 64.23 | -2.49 | 62.98 | -2.87 |
| 23/10 | 67.58 | - | 66.72 | - | 65.85 | - |
UK Gas System opened as 'Long' on Saturday with Net Imbalance being 20.18 MCm. The opening linepack was recorded at 346.08 MCm while the closing linepack was estimated to be 345.98 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 |
|---|---|---|---|---|---|
| 25/10 | Long | 20.12 | 345.32 | 344.28 | 365.44 |
| 24/10 | Long | 15.22 | 344.18 | 342.34 | 360.67 |
| 23/10 | Short | -15.18 | 344.77 | 320.65 | 343.03 |
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