Gas system oversupplied – DMR

The UK gas system is oversupplied, according to npower’s daily market report. That’s because demand is “a touch lower” than yesterday despite exports via the UK Interconnector increasing. The linepack is […]

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By Jacqueline Echevarria

The UK gas system is oversupplied, according to npower’s daily market report.

That’s because demand is “a touch lower” than yesterday despite exports via the UK Interconnector increasing.

The linepack is forecast 13mcm long.

Tim Carter from npower’s Optimisation Desk said: “Temperatures for the start of November have been revised lower with the middle of next week shifting around three degrees lower and now dips below the seasonal normal levels which has the effect of adding up to 50mcm in terms of gas demand.”

 

Oil is trading at $47.2 (£30.6) per barrel.

Mr Carter added: “Coal markets however have decoupled from the oil markets at least temporarily to gain around 50c/tonne (now $47.6/tonne) whilst carbon permits continue on a gently bullish run having pushed up to €8.65/tonne (£6.2) ahead of UN climate change talks in December.”