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* Norwegian pipeline gas exports total 320 mcm/day * Langeled flows to Britain at 59/mcm/day * Skarv field restart delayed until Monday OSLO, Nov 7 (Reuters) - Norwegian natural gas exports to Europe fell onFriday morning from the previous day as deliveries to Britain and France edgeddown, data from gas system operator Gassco showed. Flows through the Langeled pipeline, Britain's main subsea gas import route,were running at 59 million cubic metres (mcm) per day, compared with its fullcapacity of 72 mcm/day. "Gassco didn't report any outage that can explain the drop in the Langeledflows. We assume that the Langeled flows will return to the previous stablelevel of 68 mcm/d from tomorrow and continue so through our forecast period,"analysts at Thomson Reuters Point Carbon said. Temperatures in Britain were predicted to be a few degrees Celsius abovenormal on Friday, with forecast demand at around 10 mcm/day less than theseasonal norm, National Grid data showed. An outage at BP's Skarv field, which has cut Norway's gas output by10.9 mcm/day, was expected to last longer than previously envisaged, ending onMonday rather than Saturday, Gassco said. The following table shows Norwegian pipeline gas flows, measured in mcm perday, compared with the previous session's average: Destination Real time Pvs session Change average (mc) Britain 88 98 -10 Germany & Netherlands 132 131 1 France 46 49 -3 Belgium 43 42 1 Total 320 329 -9 NOTE: Pipeline gas export figures are based on gas fed into the system at acertain time and calculated as a daily average. Levels can vary throughout theday as producers adjust the amount of gas they export, according to changingnominations, or orders, from customers. Following is a summary of spot price settlements at European gas tradinghubs: Gas hub Nov 6 Nov 5 NBP (UK) 22.5/51.6 22.7/52.0 TTF (Netherlands) 21.4 21.7 NCG (Germany) 22.4 22.2 Gaspool (Germany) 22.4 22.2 Zeebrugge (Belgium) 22.9 22.1 Peg Nord (France) 21.5 22.1 Peg Sud (France) 21.5 22.2 Oil-indexed prices* 28.65/30.14/33.49 28.65/30.14/33.49 NOTE: Prices are in euros per megawatt-hour (MWh), except for NBP (euros/MWh &p/th). The oil-indexed price for Russian gas is an estimate by Thomson ReutersPoint Carbon. * The oil-indexed prices mentioned above are in order: Russia spot-indexedgas/Russian oil-linked discounted gas/Russian outright oil-indexed gas. (Reporting by Nerijus Adomaitis; Editing by David Goodman)
15 Apr 2024 15:39
London close: Stocks slip on renewed geopolitical tensions
(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.
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