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Tuesday, November 12, 2019

Several Years Ago, Spain Was The Poster Child For Wind Energy Success -- Now, Not So Much -- Cold Weather, Low Wind -- November 12, 2019


From S&P Global Platts: highlights --
  • natural gas demand jumps to 32 million cubic meters on Monday, up 83% from first ten days in November, 2019
  • cold weather, Almaraz I offline (nuclear power plant), low wind are main drivers
  • LNG regasification volumes soar to 67 million cubic meters Monday, highest since late September, 2019
  • French natural gas flows flipped again with Spain importing over 4 million cu m Monday.
  • weather is set to get much colder with temperatures dropping 5 C below the average early week 47
  • quite cold until the end of November and probably rainy
From the "net": typically 5,800 cubic feet of natural gas are equivalent to one boe. 6,000 cubic feet = 170 cubic meters. If so, then: about 200,000 boe / 24 hours in November in Spain.

Spain, natural gas consumption, historical, through 2017 (note trend since 2014): link here. Also, here.

Spain's natural gas demand will rise 2% annually until 2023.

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