The giant subsea pipe which carries gas between the UK and Europe will be shut from tomorrow for 15 days.
Work on the Interconnector (IUK) between Bacton and Zeebrugge gas terminal will start from 6am (GMT) on 11 June.
According to the daily market report from npower’s Optimisation desk this could mean there’s plenty of gas swishing about the UK market.
Steve Walker (pictured), Client Portfolio Manager at npower said: “The interconnector will be down for scheduled maintenance tomorrow potentially leaving the UK market long, making storage demand a key driver in the coming days.”
Today the UK gas market opened “long” – i.e. with more gas than is needed.
Exports through the IUK of around 40 million cubic meters (mcm) are “partially offset” by the 16mcm worth of imports via the BBL pipe, said the market expert.
As for generation, coal power plant use has pushed down from 80% to 50% in recent days as gas pushes up toward 60%.
Wind feed-in to the electricity grid remains “muted”, he added.