NTS Demand reduced by 20mcm/d?
It looks like NTS Demand is running at more like 55 mcm/d rather than the normalish 75 mcm/d. The figures never seem to properly reconcile (one of the problems with the gas market, partially linked to the main unit being volume rather than energy).
This means that aggregate demand probably doesn't do the normal weekend shift during the current circumstances. That causes a bit of concern, but even if we end up using 50% of Emergency Gas by next Wednesday we will still have 50% left and things should start getting warmer.
Imports are looking a bit low. I have always thought some shippers could end up having financial problems that would cause odd activity. Still although I would not allow this level of risk, we have to rely on Lady Fortune because that is government policy.
This means that aggregate demand probably doesn't do the normal weekend shift during the current circumstances. That causes a bit of concern, but even if we end up using 50% of Emergency Gas by next Wednesday we will still have 50% left and things should start getting warmer.
Imports are looking a bit low. I have always thought some shippers could end up having financial problems that would cause odd activity. Still although I would not allow this level of risk, we have to rely on Lady Fortune because that is government policy.
posted by John Hemming at 9:24 PM
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