Gas demand to drop by 35% in May, suppliers estimate

As a direct result of spring setting in and overall night-time/daytime temperatures growing, residential demand for gas is expected to fall by around 35% this month, the daily market report from npower has revealed.

BBL flows are restored to just below 20 million cubic meters (mcm) and Rough injection demand is slightly lower at 16mcm today, npower Client Portfolio Manager Steven Walker pointed out. He also commented that “With lighter storage demand this summer, we could see additional pressure on front gas contracts in the coming weeks although heavy Norwegian maintenance beginning next week could provide some support”.

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