UK Gas Summary Report published on the Gas-Day of 29th Oct 2013

UK Gas Summary Report published on the Gas-Day of 29th Oct 2013

Demand / Supply 

The UK gas market was undersupplied by 2.63 MCm, with actual demand on 28-Oct, at 205.4 MCm/day, recorded as 11% below the seasonal normal. The actual demand was more than the forecasted demand by 0.29 MCm, National Grid data showed. 

Today's forecast demand is 206 MCm/day, below the seasonal normal by 25 MCm. The physical flow into NTS is 206.53 MCm, at present. 

Tomorrow's demand forecast is 208 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
28/10	202.77	22.40	205.40	31.56	-2.63	205.11	27.33
27/10	180.37	-11.67	173.84	-16.15	6.53	177.78	-14.14
26/10	192.04	-	189.99	-	2.05	191.92	-

System Prices 

Average gas price closed at 60.58 p/Therm on Monday, 28-Oct, more than the closing price on 27-Oct by 06.15 p/Therm. The 7 day rolling average as on 29-Oct was calculated to be 61.31 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
28/10	61.44	6.15	60.58	6.15	59.72	12.53
27/10	55.29	0.06	54.43	0.06	47.19	-1.30
26/10	55.23	-	54.37	-	48.49	-

Linepack 

UK Gas System opened as 'Short' on Tuesday with Net Imbalance being -20.06 MCm. The opening linepack was recorded at 343.38 MCm while the closing linepack was estimated to be 341.28 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
28/10	Long	26.98	348.02	331.97	375.42
27/10	Long	04.81	347.45	348.93	357.03
26/10	Long	20.18	346.08	345.98	366.26