Gas supply is “slightly tighter” today with flows from the Netherlands a bit lower and LNG send-out down from yesterday’s levels, according to the daily market report.
Ben Spry, Optimisation Desk Manager at npower said: “A little bit tighter in terms of supply but the gas system is around about balanced.
“We’ve got about four LNG tankers due into the UK before Q2 so we would expect LNG send-out to increase if we do see any kind of short falls there.”
Power peak margins are comfortable with demand due to drop off at around 1GW, he said.
The breakdown of talks between the eurozone and Greece on Monday has left investors “cautious” ahead of any final decisions on the situation, said the analyst.
This has reflected in the volatility in Brent oil prices which dropped down to $60 a barrel this morning and rebound back up to $62 shortly afterwards, the analyst added.