Daily Energy Market Report Thursday 14th March 19. Total UK demand has fallen today, dropping from 251mcm on Wednesday to 233mcm today.
The demand side for today is 22mcm below seasonal norm and helping to contribute to the weak open seen across the NBP curve.
The system has opened balanced with just 1mcm in length, as mild and windy weather continue to reduce demand.
Demand for gas for Power generation through CCGT is nominated to take 28mcm off grid remaining close to yesterday’s figure.
LDZ offtake remains below 200mcm today with just 178mcm expected to be consumed by domestics.
UK temperatures are set to mild for the remainder of the week, before a brief cold spell hits the start of the working week on Monday.
Temperatures are set to remain at or just above seasonal norm throughout March.
South Hook and Dragon are expected to receive LNG cargoes on Friday, with a third vessel expected on Sunday.
MP’s voted last night to reject the UK exiting the EU without a deal under any circumstances and rumours of a Brexit extension are growing.
The GBP rallied against most major currencies following this vote, with GBP climbing from 1.1580 to 1.1717 against the Euro and up to 1.32620 against the Dollar.
Daily Energy Market Report Thursday 14th March 19 brought to you by British Utilities