UK Gas Summary Report published on the Gas-Day of Wed 30th Oct 2013

UK Gas Summary Report published on the Gas-Day of Wed 30th Oct 2013

Demand / Supply 

The UK gas market was oversupplied by 0.83 MCm, with actual demand on 29-Oct, at 203.02 MCm/day, recorded as 12% below the seasonal normal. The actual demand was less than the forecasted demand by 2 MCm, National Grid data showed. 

Today's forecast demand is 213 MCm/day, below the seasonal normal by 20 MCm. The physical flow into NTS is 244 MCm, at present. 

Tomorrow's demand forecast is 209 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
29/10	203.85	1.08	203.02	-2.38	0.83	205.02	-0.09
28/10	202.77	22.40	205.40	31.56	-2.63	205.11	27.33
27/10	180.37	-	173.84	-	6.53	177.78	-

System Prices 

Average gas price closed at 66.18 p/Therm on Tuesday, 29-Oct, more than the closing price on 28-Oct by 05.60 p/Therm. The 7 day rolling average as on 30-Oct was calculated to be 61.3 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
29/10	67.18	5.74	66.18	5.60	65.32	5.60
28/10	61.44	6.15	60.58	6.15	59.72	12.53
27/10	55.29	-	54.43	-	47.19	-

Linepack 

UK Gas System opened as 'Short' on Wednesday with Net Imbalance being -26.29 MCm. The opening linepack was recorded at 343.2 MCm while the closing linepack was estimated to be 344.22 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
29/10	Short	-20.06	343.38	323.32	347.07
28/10	Long	26.98	348.02	331.97	375.42
27/10	Long	04.81	347.45	348.93	357.03