UK gas system ‘short’ this morning

The UK has seen a short gas system this morning as a result of reduced flows from the UK Continental Shelf, according to the daily market report. That has driven […]

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By Priyanka Shrestha

The UK has seen a short gas system this morning as a result of reduced flows from the UK Continental Shelf, according to the daily market report.

That has driven gas and power markets “up against Friday’s close”, Ben Spry, Optimisation Desk Manager said.

The line pack is forecast to close around 20 million cubic meters (mcm) short, he added while flows from the Netherlands are also at the “lower end of their range”.

Liquefied Natural Gas (LNG) send out is expected to remain higher at around 50mcm.

“Also expect some withdrawals from storage to make sure the UK gas system does balance by the end of the day”, Mr Spry said.

 

Looking at power generation, wind is “relatively weak” this morning – generating below 1GW – but is expected to pick up in the next couple of days.

This has led to gas-fired power stations adding almost 50% to the grid energy mix.

Brent oil is also “relatively weak”, hovering just below $106 (£77.8) per barrel this morning.