UK Gas Summary Report published on the Gas-Day of Fri 18th Oct 2013

UK Gas Summary Report published on the Gas-Day of Fri 18th Oct 2013

Demand / Supply 

The UK gas market was oversupplied by 2.05 MCm, with actual demand on 17-Oct, at 197.76 MCm/day, recorded as 10% below the seasonal normal. The actual demand was less than the forecasted demand by 0.94 MCm, National Grid data showed. 

Today's forecast demand is 175 MCm/day, below the seasonal normal by 40 MCm. The physical flow into NTS is 183.03 MCm, at present. 

Tomorrow's demand forecast is 192 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
17/10	199.81	-20.35	197.76	-17.73	2.05	198.70	-19.42
16/10	220.16	3.98	215.49	3.24	4.67	218.12	3.78
15/10	216.18	-	212.25	-	3.93	214.34	-

System Prices 

Average gas price closed at 64.44 p/Therm on Thursday, 17-Oct, less than the closing price on 16-Oct by 02.65 p/Therm. The 7 day rolling average as on 18-Oct was calculated to be 66.79 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
17/10	65.30	-3.18	64.44	-2.65	63.58	-2.65
16/10	68.48	2.24	67.09	1.71	66.23	1.71
15/10	66.24	-	65.38	-	64.52	-

Linepack 

UK Gas System opened as 'Long' on Friday with Net Imbalance being 4.36 MCm. The opening linepack was recorded at 340.57 MCm while the closing linepack was estimated to be 341.9 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
17/10	Short	-19.27	343.02	320.02	356.59
16/10	Long	08.19	340.91	320.61	356.86
15/10	Long	01.17	341.91	339.41	353.84