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Share Price Information for BP (BP.)

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Share Price: 495.85
Bid: 495.75
Ask: 495.90
Change: -7.85 (-1.56%)
Spread: 0.15 (0.03%)
Open: 498.00
High: 499.60
Low: 495.75
Prev. Close: 503.70
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NORWAY GAS-Flows to Britain fall

Wed, 02nd Dec 2015 08:56

OSLO, Dec 2 (Reuters) - Norwegian gas flows to Europe fellon Wednesday morning due to lower deliveries to Britain, datafrom gas system operator Gassco showed. Gas flows to Europe as a whole were running at 340 millioncubic metres (mcm) per day by 0830 GMT, down 10 mcm from thevolumes delivered the previous day. Supplies via the Langeled pipeline, Britain's main subseagas import route, were down by 11 mcm/day at 50 mcm/day. "Our base scenario is that Langeled (flows) will fluctuatearound 55-60 mcm/d this and next week, in line with Novemberlevels, but an uptick is possible later in December," analystsat Thomson Reuters Point Carbon said. Britain also imports gas from Norway via another twopipelines, Vesterled and FLAGS. The following table shows Norwegian gas pipeline flows,measured in mcm/day, and changes from the previous session'sdelivered volumes: Destination Real time Pvs business Change day (mcm) Britain 95 108 -13 Germany & Netherlands 148 148 0 France 53 50 3 Belgium 44 44 0 Total 340 350 -10 NOTE: Real-time gas export figures are based on gas fed intothe system at a certain time and calculated as a daily average. Levels can vary throughout the day as producers adjust theamount of gas they export, according to changing nominations, ororders, from customers. Volumes for the previous business day show delivered gas. Following is a summary of spot price settlements at Europeangas trading hubs: Gas hub Dec 1 Nov 30 NBP (UK) 18.51/38.25 18.57/38.19 TTF (Netherlands) 17.95 18.20 NCG (Germany) 18.20 17.95 Gaspool (Germany) 18.00 17.85 Zeebrugge (Belgium) 17.91 17.92 Peg Nord (France) 18.17 17.80 Trading Region South 20.57 19.97 (France) Oil-indexed prices* 20.79/24.89 20.70/25.18 NOTE: Prices are in euros per megawatt-hour (MWh), except forNBP (euros/MWh & p/th). * - The oil-indexed prices are in order of Point Carbon'sbest estimate for Russian gas, including spot indexation andbase price discounts, and an estimate for Russian outrightoil-indexed gas. (Reporting by Nerijus Adomaitis, editing by Louise Heavens)

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