French nuclear authority ASN’s decision to order utility EDF to audit all the nuclear components from manufacturer Areva is still causing power traders concern and building risk premium into Q4 ’17 and Q1’ 17 electricity contracts. In this podcast, ICIS experts Herman Moestue and Matthew Jones give us an update on the situation.
European front-year power contracts surged on Wednesday after French nuclear safety authority ASN ordered incumbent EDF to review all its nuclear reactors manufactured by Areva’s Creusot forge before a scheduled return to service. ICIS experts Ellie Chambers and Herman Moestue discuss the impact of the announcement.
Annual maintenance has pushed output from British domestic gas fields down in August. While not remarkable in itself, the lack of UKCS supply has made the impact of issues with Norwegian production and waning LNG deliveries more acute, lifting prices on the NBP gas hub. ICIS reporters Ellie Chambers and Thomas Rodgers discuss the ongoing and future implications of the maintenance.
Regulator CRE has announced measures to tackle congestion on the natural gas grid in France. ICIS experts Alex Thackrah and Ben Lee discuss how these changes could provide some short-term relief, but that upcoming infrastructure projects as part of a hub merger in 2018 will offer a more long-term solution.
The NBP front-month natural gas contract jumped in price this week after Norwegian operator Gassco extended a supply outage until the end of summer. ICIS experts Ben Samuel and Ben Lee discuss how the curtailment might affect supply to Europe and whether the price move was justified.
Japanese LNG buyers are looking to remove destination clauses when renegotiating their long-term contracts. ICIS looks at what this new destination flexibility would mean for supply to Japan and elsewhere in the world.