The gas system in the UK is “well supplied” today, with the linepack currently forecast to close 3mcm long.
That’s according to npower’s daily market report, which states the BBL pipeline from the Netherlands has started to flow at 9mcm.
The Dutch Parliament has approved a motion calling on the government to lower gas production from the Groningen gas field.
Production from the field has already been limited to 33 billion cubic meters for 2016, however, the motion calls for it to be reduced further following another earthquake earlier this week, Alex Guiot from the optimisation desk said.
Langeled flows are 5mcm higher today at 55mcm while LNG flows are “stable”, with South Hook at 34mcm and Dragon at 3mcm.
The power system remains “healthy” with a forecast peak margin of 9.6GW.
Wind generation has fallen to 2.5GW however it is expected to rise through the day to a peak of around 4GW this evening.
Mr Guiot added: “Oil continues on its bullish run, gaining over $3/bbl in the last 24 hours to currently trade at $52.4/bbl.
“Yesterday, the [US] Energy Information Administration increased its 2015 demand forecast. In addition, data released from the American Petroleum Institute (API) last night showed that US crude oil inventories dropped by over one million barrels last week. Official data due this afternoon should lend further direction.”