Sunday, February 26, 2006

Saturday reverts to Type

Saturday's demand was relatively low for this cold period at 343 mcm. Imports sadly dropped, however, to 31 mcm which meant that still 11.2 mcm was taken from Medium Term Storage.

Although the real problem we face this week (if one happens, which depends upon the weather) will be the depletion of short term storage and possibly a threat to the capacity of the system, it remains that had we imported the maximum so far of 46 mcm then we could have injected 5 mcm rather than withdrawn 11 mcm.

Today is forecast to have a higher demand at 357 mcm. Tomorrow is currently forecast at 382 mcm. Later in the week could see a record demand for this winter which so far has peaked at 402 mcm.


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