UK Gas Summary Report published on the Gas-Day of Thurs 31st Oct 2013

UK Gas Summary Report published on the Gas-Day of Thurs 31st Oct 2013

Demand / Supply 

The UK gas market was oversupplied by 5.1 MCm, with actual demand on 30-Oct, at 208.73 MCm/day, recorded as 10% below the seasonal normal. The actual demand was less than the forecasted demand by 5.51 MCm, National Grid data showed. 

Today's forecast demand is 200 MCm/day, below the seasonal normal by 35 MCm. The physical flow into NTS is 191.87 MCm, at present. 

Tomorrow's demand forecast is 210 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
30/10	213.83	9.98	208.73	5.71	5.10	214.24	9.22
29/10	203.85	1.08	203.02	-2.38	0.83	205.02	-0.09
28/10	202.77	-	205.40	-	-2.63	205.11	-

System Prices 

Average gas price closed at 67.87 p/Therm on Wednesday, 30-Oct, more than the closing price on 29-Oct by 01.69 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
30/10	68.88	1.70	67.87	1.69	67.01	1.69
29/10	67.18	5.74	66.18	5.60	65.32	5.60
28/10	61.44	-	60.58	-	59.72	-

Linepack 

UK Gas System opened as 'Short' on Thursday with Net Imbalance being -18.49 MCm. The opening linepack was recorded at 346.45 MCm while the closing linepack was estimated to be 343.27 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
30/10	Short	-26.29	343.20	316.38	344.38
29/10	Short	-20.06	343.38	323.32	347.07
28/10	Long	26.98	348.02	331.97	375.42