Gas demand low – DMR

Gas demand in the UK continues to be below seasonal normal levels. That’s because temperatures remain above average, according to npower’s daily market report. The gas system is forecast to […]

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By Jacqueline Echevarria

Gas demand in the UK continues to be below seasonal normal levels.

That’s because temperatures remain above average, according to npower’s daily market report.

The gas system is forecast to close 28mcm as flows from Norway are “healthy” with the Langeled pipeline flowing at 45mcm.

Holford and Aldbrough storages are flowing at 14mcm in total.

 

Gemma Bruce from the Optimisation Desk said: “Other flows remain stable with BBL inactive, no exports through the UK Interconnector and LNG send-out at 18mcm with no tankers currently on the horizon.”

On the power system, the peak margin is forecast at 12GW.

Wind generation is providing less than 1% so gas-fired generation has picked up to cover the shortfall.

Ms Bruce added: “Oil prices continue to hold onto the gains we saw yesterday with the front month trading at $51.45/bbl (£34.9/bbl) following US data indicating that crude stockpiles declined for a third consecutive week.”