UK Gas Summary Report published on the Gas-Day of 17th of November 2013

UK Gas Summary Report published on the Gas-Day of 17th of November 2013

Demand / Supply 

The UK gas market was oversupplied by 3.34 MCm, with actual demand on 16-Nov, at 247.84 MCm/day, recorded as 2% below the seasonal normal. The actual demand was more than the forecasted demand by 0.58 MCm, National Grid data showed. 

Today's forecast demand is 255 MCm/day, below the seasonal normal by 2 MCm. The physical flow into NTS is 268.88 MCm, at present. 

Tomorrow's demand forecast is 274 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
16/11	251.18	-25.06	247.84	-23.33	3.34	247.26	-23.53
15/11	276.24	13.58	271.17	9.70	5.07	270.79	7.14
14/11	262.66	-	261.47	-	1.19	263.65	-

System Prices 

Average gas price closed at 68.63 p/Therm on Saturday, 16-Nov, less than the closing price on 15-Nov by 01.14 p/Therm. The 7 day rolling average as on 16-Nov was calculated to be 67.8 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
16/11	69.49	-1.49	68.63	-1.14	66.98	-1.93
15/11	70.98	-0.30	69.77	-0.43	68.91	-0.43
14/11	71.28	-	70.20	-	69.34	-

Linepack 

UK Gas System opened as 'Long' on Sunday with Net Imbalance being 13.07 MCm. The opening linepack was recorded at 345.38 MCm while the closing linepack was estimated to be 349.14 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
16/11	Long	07.93	341.34	341.92	350.48
15/11	Long	21.51	337.81	334.86	359.32
14/11	Long	01.13	337.94	333.99	344.49