UK Gas Summary Report published on the Gas-Day of 1st November 2013

UK Gas Summary Report published on the Gas-Day of 1st November 2013

Demand / Supply 

The UK gas market was undersupplied by 0.72 MCm, with actual demand on 31-Oct, at 197.27 MCm/day, recorded as 16% below the seasonal normal. The actual demand was less than the forecasted demand by 2.14 MCm, National Grid data showed. 

Today's forecast demand is 212 MCm/day, below the seasonal normal by 19 MCm. The physical flow into NTS is 184.1 MCm, at present. 

Tomorrow's demand forecast is 198 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
31/10	196.55	-17.28	197.27	-11.46	-0.72	199.41	-14.83
30/10	213.83	9.98	208.73	5.71	5.10	214.24	9.22
29/10	203.85	-	203.02	-	0.83	205.02	-

System Prices 

Average gas price closed at 65.55 p/Therm on Thursday, 31-Oct, less than the closing price on 30-Oct by 02.32 p/Therm. The 7 day rolling average as on 31-Oct was calculated to be 61.46 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
31/10	66.41	-2.47	65.55	-2.32	64.69	-2.32
30/10	68.88	1.70	67.87	1.69	67.01	1.69
29/10	67.18	-	66.18	-	65.32	-

Linepack 

UK Gas System opened as 'Short' on Friday with Net Imbalance being -2.57 MCm. The opening linepack was recorded at 345.34 MCm while the closing linepack was estimated to be 334.4 MCm, at 12:00 hours. The last three days' Linepack summary (in MCm) is shown below – 

Date	Opening Status	Net Imbalance	Opening Linepack	PCLP Min	PCLP Max
31/10	Short	-18.49	346.45	327.96	347.13
30/10	Short	-26.29	343.20	316.38	344.38
29/10	Short	-20.06	343.38	323.32	347.07