UK Gas Summary Report published on the Gas-Day of Tue 22nd Oct 2013

UK Gas Summary Report published on the Gas-Day of Tue 22nd Oct 2013

Demand / Supply 

The UK gas market was oversupplied by 3.11 MCm, with actual demand on 21-Oct, at 168.16 MCm/day, recorded as 25% below the seasonal normal. The actual demand was less than the forecasted demand by 5.32 MCm, National Grid data showed. 

Today's forecast demand is 177 MCm/day, below the seasonal normal by 47 MCm. The physical flow into NTS is 183.66 MCm, at present. 

Tomorrow's demand forecast is 184 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
21/10	171.27	10.52	168.16	10.57	3.11	173.48	13.12
20/10	160.75	-4.31	157.59	-6.36	3.16	160.36	-5.72
19/10	165.06	-	163.95	-	1.11	166.08	-

System Prices 

Average gas price closed at 66.51 p/Therm on Monday, 21-Oct, less than the closing price on 20-Oct by 00.42 p/Therm. The 7 day rolling average as on 22-Oct was calculated to be 65.97 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
21/10	67.37	-0.42	66.51	-0.42	65.64	-0.43
20/10	67.79	-0.01	66.93	-0.01	66.07	-0.01
19/10	67.80	-	66.94	-	66.08	-

Linepack 

UK Gas System opened as 'Short' on Tuesday with Net Imbalance being -5.41 MCm. The opening linepack was recorded at 342.72 MCm while the closing linepack was estimated to be 343.46 MCm, at 04:00 hours. The last three days' Linepack summary (in MCm) is shown below – 

Date	Opening Status	Net Imbalance	Opening Linepack	PCLP Min	PCLP Max
21/10	Short	-15.64	343.97	328.22	343.05
20/10	Short	-18.97	342.69	323.72	344.65
19/10	Short	-13.91	342.10	317.60	342.93