More ships are expected to carry plenty of liquefied natural gas (LNG) to the British isles, according to the daily market report.
Steven Walker, Client Portfolio Manager said today: “LNG send out continues to account for a significant proportion of the UK supply mix as a number of tankers are set to head towards the UK.”
Markets opened at lower prices again this morning, said Mr Walker, “as UK gas demand within-day is forecast below 200mcm (million cubic meters)”.
That’s despite 21 mcm being exported to Belgium and storage sites set to inject at 18mcm today.
The Linepack – the gas system run by National Grid – is set to close the day with 8mcm worth of gas more than is needed.
Gas demand for electricity generation is again “subdued”, added the analyst.