Daily Energy Market Report Wednesday 5th Dec 18

Daily Energy Market Report Wednesday 5th Dec 18. 31mcm of unplanned outages on the NCS is contributing to a short system at the NBP providing support to the Prompt and marginally into the Front – month, this is compounded by demand rising 26mcm above seasonal normal; however forecasted supply for the month remains healthy from LNG and increasing renewable generation.

The Kollsnes processing facility’s capacity has been reduced due to ‘process problems’ with an uncertain duration seeing Norwegian flows turn considerably lower to the NBP; St. Fergus flows are down ~25mcm, Langeled 5.7mcm and Segal by approximately 22mcm however send – out to Emden facility in Germany has risen by 20mcm.

LNG send out has fallen by 10mcm day – on day, but flows are still strong at 74mcm and with plentiful volumes en-route to NW Europe future supply is not a great concern.

The NBP balance of month contract is still holding a narrow spread to Zeebrugge therefore IUK flows should remain negligible for December.

Daily Energy Market Report Wednesday 5th Dec 18 brought to you by British Utilities

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