UK gas market update

Baseload supplies from the UK Continental Shelf (UKCS) were broadly in line with expectations, with Norwegian Continental Shelf (NCS) supplies slightly lower than anticipated due to flows being favoured to Europe (due to a positive price differential in Europe). Flexible supplies predominantly came from high volumes of Liquefied Natural Gas (LNG) supported by GB storage. LNG supplies were at a record level, the highest seen during any winter to date. During the highest demand days we saw a low level of imports from Europe. Slide deck from recent (June 22) Operations forum looking at the UK gas market.