Gas system undersupplied – DMR

The UK gas system is undersupplied. The linepack is forecast to close above 7mcm short, according to the daily market report from npower. Alex Guiot from the Optimisation Desk said: […]

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By Jacqueline Echevarria

The UK gas system is undersupplied.

The linepack is forecast to close above 7mcm short, according to the daily market report from npower.

Alex Guiot from the Optimisation Desk said: “The essential maintenance which saw a pause in injections at Rough yesterday has ended, this sees demand return to form slightly above seasonal averages.”

Flows through the Norwegian gas field are at 62.5mcm while the Langeled pipeline is flowing at 25mcm.

Two LNG tankers are expected to dock at South Hook terminal wich is currently at 14mcm.

 

On the power system, the peak margin is above 10GW.

Wind is generating 600MW, while CCGT generation is at 17GW providing 51% of the energy mix.

Brent oil is trading at $50.27/bbl (£33.6/bbl).

Mr Guiot added: “Oil continued to climb yesterday pushing back over the $50/bbl (£33.5/bbl) mark. The bullish sentiment has been driven by announcements that demand in India is expected to rise by 1% year on year to around 18 million tonnes. This has been driven by a decline in Saudi Arabia crude exports – a fall to 6-month lows -, a decrease in overseas refinery demand due to seasonal maintenance and increased demand within the Kingdom to burn oil to fuel air conditioning.”

The pound is valued at €1.29