Gas system oversupplied – DMR

The UK gas system is oversupplied, according to npower’s daily market report. The linepack is forecast to close around 17mcm long as outages at Nyhamma gas field have ended. Flows […]

Register now!

By Jacqueline Echevarria

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

The linepack is forecast to close around 17mcm long as outages at Nyhamma gas field have ended.

Flows through the Langeled pipeline are at 33mcm.

Sam Hill from the Optimisation Desk said: “Demand continues to be low with the ongoing pause in injections at the Rough storage facility, also boosting length in the system.”

On the power system, the peak margin is below 8.5GW.

 

Wind is forecast at 500MW. Coal is producing 3GW while gas-fired generation is above 17GW, providing 53% of the energy mix.

Mr Hill added: “The French interconnector is importing around 1.5GW this morning and the Dutch at its full import capacity of 1GW. There is also a very small amount of direction from the East to West interconnector.”

Brent oil is trading at $48/bbl (£36/bbl).

Mr Hill went on: “This is ahead of US inventory data tomorrow which is expected to see a reduction in stockpiles. The output from Venezuela has also declined, the acceleration in lower output comes as drillers and rig-operators in the country continue to go unpaid – this disruption to supply has also given a slight lift to prices in a volatile market place.”

The pound is valued at €1.20.