UK Gas Summary Report published on the Gas-Day of 15th of November 2013

UK Gas Summary Report published on the Gas-Day of 15th of November 2013

Demand / Supply 

The UK gas market was oversupplied by 1.19 MCm, with actual demand on 14-Nov, at 261.47 MCm/day, recorded as 1% below the seasonal normal. The actual demand was less than the forecasted demand by 2.18 MCm, National Grid data showed. 

Today's forecast demand is 272 MCm/day, above the seasonal normal by 13 MCm. The physical flow into NTS is 287.58 MCm, at present. 

Tomorrow's demand forecast is 252 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
14/11	262.66	0.14	261.47	2.82	1.19	263.65	3.02
13/11	262.52	26.20	258.65	24.12	3.87	260.63	26.60
12/11	236.32	-	234.53	-	1.79	234.03	-

System Prices 

Average gas price closed at 70.20 p/Therm on Thursday, 14-Nov, more than the closing price on 13-Nov by 00.51 p/Therm. The 7 day rolling average as on 15-Nov was calculated to be 67.43 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
14/11	71.28	0.40	70.20	0.51	69.34	0.51
13/11	70.88	0.70	69.69	0.59	68.83	0.59
12/11	70.18	-	69.10	-	68.24	-

Linepack 

UK Gas System opened as 'Long' on Friday with Net Imbalance being 21.51 MCm. The opening linepack was recorded at 337.81 MCm while the closing linepack was estimated to be 341.88 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
14/11	Long	01.13	337.94	333.99	344.49
13/11	Long	17.86	337.55	328.26	355.41
12/11	Short	-25.19	336.67	311.14	338.32