Sunday, January 29, 2006

Medium Term Storage remains the challenge

Although Long Term Storage is being depleted rapidly the tension will probably be around medium term. Long Term is at 68% following Saturday, but Medium term is at 72%. A small amount of gas was moved from Long to Medium term on Saturday. However, a lot of gas was still taken from Long Term.

Saturday and Sunday have substantially less demand than weekdays. This week looks cold, but not particularly cold. It is particularly cold weather that will cause the challenge, but we have avoided that since the thursday after Christmas.

The prognoses, however, are that there is little that can be done to rebuild storage now and it all rests on the weather.

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