UK Gas Summary Report published on the Gas-Day of 13th of November 2013

UK Gas Summary Report published on the Gas-Day of 13th of November 2013

Demand / Supply 

The UK gas market was oversupplied by 1.79 MCm, with actual demand on 12-Nov, at 234.53 MCm/day, recorded as 9% below the seasonal normal. The actual demand was more than the forecasted demand by 0.5 MCm, National Grid data showed. 

Today's forecast demand is 262 MCm/day, above the seasonal normal by 1 MCm. The physical flow into NTS is 276.27 MCm, at present. 

Tomorrow's demand forecast is 256 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
12/11	236.32	-15.03	234.53	-15.90	1.79	234.03	-18.40
11/11	251.35	-0.57	250.43	-1.16	0.92	252.43	1.73
10/11	251.92	-	251.59	-	0.33	250.70	-

System Prices 

Average gas price closed at 69.10 p/Therm on Tuesday, 12-Nov, more than the closing price on 11-Nov by 03.23 p/Therm. The 7 day rolling average as on 13-Nov was calculated to be 65.73 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
12/11	70.18	2.25	69.10	3.23	68.24	3.23
11/11	67.93	2.18	65.87	0.98	65.01	1.02
10/11	65.75	-	64.89	-	63.99	-

Linepack 

UK Gas System opened as 'Long' on Wednesday with Net Imbalance being 17.86 MCm. The opening linepack was recorded at 337.55 MCm while the closing linepack was estimated to be 337.93 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
12/11	Short	-25.19	336.67	311.14	338.32
11/11	Long	25.22	339.69	329.00	366.62
10/11	Long	04.28	339.86	339.48	356.24