Gas fundamentals comfortable – DMR

UK gas fundamentals are comfortable this morning, according to npower’s daily market report. Supply is at 157mcm and demand at 149mcm and system is expected to close in length. Gemma […]

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By Jacqueline Echevarria

UK gas fundamentals are comfortable this morning, according to npower’s daily market report.

Supply is at 157mcm and demand at 149mcm and system is expected to close in length.

Gemma Bruce from the Optimisation Desk said: “We have also seen lower flows through the UK Interconnector today with exports of 13mcm to the continent while Langeled flows have picked up to just over 20mcm.”

LNG send-out is at 27mcm.

 

On the power system, the peak margin is tighter today as wind generation is at 300MW and is not expected to provide more than 1GW.

Solar is set to peak at 5.2GW and both the French and Dutch interconnectors are importing at full capacity.

Ms Bruce added: “Oil prices have held onto the gains seen yesterday following a decrease in US natural gas storage yesterday.  The front month is currently trading at $44/bbl (£33.4/bbl).