Gas prices low – DMR

UK gas prices have opened lower this morning, according to npower’s daily market report. The system is long, with the linepack expected to close above 15mcm oversupplied. Demand is above average […]

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By Jacqueline Echevarria

UK gas prices have opened lower this morning, according to npower’s daily market report.

The system is long, with the linepack expected to close above 15mcm oversupplied.

Demand is above average for this time of the year and the system is being supported by strong flows through the Norwegian Langeled pipeline and St Fergus terminal.

Exports though the UK interconnector are low, aiding the length in the system.

Gemma Bruce from the Optimisation Desk said: “There are currently two unplanned gas outages that have been announced. A compressor failure affecting Asgard and processing problems at Heimdal are reducing within day flows by 17.5mcm.”

 

On the power system, wind is generating 3.5GW and is expected to ramp up later today.

CCGT generation is at 23GW, coal is providing 4.6GW and nuclear around 8GW.

Ms Bruce added: “The French interconnector continues to operate at half capacity and is currently set on export mode with colder temperatures and higher demand on the continent. The Dutch interconnector however is importing at its full 1GW capacity.”

Brent oil is trading at $53.03/bbl (£41.36/bbl).

The pound is valued at €1.17.