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

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

Demand / Supply 

The UK gas market was oversupplied by 4.67 MCm, with actual demand on 16-Oct, at 215.49 MCm/day, recorded as 1% below the seasonal normal. The actual demand was less than the forecasted demand by 2.63 MCm, National Grid data showed. 

Today's forecast demand is 201 MCm/day, below the seasonal normal by 18 MCm. The physical flow into NTS is 213.92 MCm, at present. 

Tomorrow's demand forecast is 207 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
16/10	220.16	3.98	215.49	3.24	4.67	218.12	3.78
15/10	216.18	4.41	212.25	1.01	3.93	214.34	1.53
14/10	211.77	-	211.24	-	0.53	212.81	-

System Prices 

Average gas price closed at 67.09 p/Therm on Wednesday, 16-Oct, more than the closing price on 15-Oct by 01.71 p/Therm. The 7 day rolling average as on 17-Oct was calculated to be 67.06 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
16/10	68.48	2.24	67.09	1.71	66.23	1.71
15/10	66.24	-3.02	65.38	-3.01	64.52	-3.01
14/10	69.26	-	68.39	-	67.53	-

Linepack 

UK Gas System opened as 'Short' on Thursday with Net Imbalance being -19.27 MCm. The opening linepack was recorded at 343.02 MCm while the closing linepack was estimated to be 341.57 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
16/10	Long	08.19	340.91	320.61	356.86
15/10	Long	01.17	341.91	339.41	353.84
14/10	Short	-11.55	343.02	331.47	343.41