Gas system short – DMR

The UK gas system is still undersupplied. The linepack is forecast to close 16mcm short, according to npower’s daily market report. Alex Guiot, from the Optimisation  Desk said: “The key […]

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By Jacqueline Echevarria

The UK gas system is still undersupplied.

The linepack is forecast to close 16mcm short, according to npower’s daily market report.

Alex Guiot, from the Optimisation  Desk said: “The key drivers for this are a tick up in non daily metered domestic demand by 10mcm whilst there are some supply disruptions as well.”

Langeled flows are nominated 8mcm lower due to an unplanned outage.

Rough withdrawals will be reduced as well due to maintenance works in the next few days.

 

Mr Guiot added: “They shouldn’t impact actual nominations which are currently well within capacity and they have already reacted to the short system this morning by increasing nominations by 5mcm which is not currently reflected in the linepack forecasts.”

On the power system, the peak margin is more than 12GW and demand is more than 47GW.

Wind is providing 2.4GW of the stack.

Brent oil is currently trading under $39/bbl (£26.52/bbl).

Mr Guiot added: “A meeting in Qatar has been arranged to discuss the output freeze between the Saudis and Russians on the 17th of April. There are also continued expectations of US production declines and slowing stock pile growth.”