Daily Energy Market Report 5th December 2017
TTF NBP contracts lifted on Monday with colder weather forecast with temperatures expected to fall to 2°C below seasonal norm.
On Tuesday morning the UK system opened 3.4mcm long but prices opened strongly slowly ticking upwards with an unplanned outage at Bacton announced taking ~6mcm day offline.
At approximately 10:30 this morning, news broke that the French nuclear regulator (ASN) had given approval to restart the reactors 2,3 and 4 at Tricastin which had been offline since
Gas prices at the front of the market ticked downwards following this news.
There was some weakness in GBP against the Euro late Monday, with the UK & EU communicating that they were not ready to commence Brexit talks passed Phase 1 at present.