Monday 18 January 2016

Gas system well supplied – DMR

Gas system well supplied – DMR

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

The linepack is forecast 5mcm long.

Gas storage is at 90mcm and flows from Norway through the Langeled the pipeline are at 57mcm due to an unplanned outage.

Tim Carter from the Optimisation Desk said: “But this is offset by an increase in supply from the Netherlands with over 30mcm coming through the BBL pipeline.”

Demand has risen to 350mcm largely driven by domestic heating.

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On the power system, peak margins are below 9GW.

Mr Carter added: “It’s nothing to be to concerned about as it's still reasonably healthy for this time of the year. The relative tightness comes as higher European demand limits interconnector imports from France and Holland while wind generation is below forecast.”

Wind is generating 2GW and is expected to fall during the day to below 0.5GW.

Brent oil is currently trading at £28.5 (£29.3) per barrel.

Mr Carter said: "Oil prices continue to pressure the European energy markets as Iran passed the inspections of its nuclear program and has now international sanctions lifted. There are mixed reports around how quickly it will be able to bring their supply back to the market but expectations are for around half a million barrels per day to hit the market within the next six months."

Written by

Bruna Pinhoni

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