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* Norwegian pipeline gas exports total 334 mcm/day * Deliveries to Britain surge to 130 mcm/day OSLO, Dec 4 (Reuters) - Natural gas exports from Norway, Western Europe'stop supplier, rose on Thursday on a surge in flows to Britain, partly offset bya drop to Germany, data from gas system operator Gassco showed. "There is a surge in Vesterled pipeline flows (to Britain) today as theOseberg field is ramping up output, while the Langeled flows fully recoveredafter an outage at Nyhamna gas plant on Wednesday," analysts at Thomson ReutersPoint Carbon said. Norwegian gas flows to Britain were running at a rate of 130 million cubicmetres (mcm) per day by around 0900 GMT compared to the full transportationcapacity of 138 mcm/day on the three pipeline, including the capacity ofNorwegian gas entry into FLAGS pipeline. The following table shows Norwegian pipeline gas flows, measured by mcm/day,compared with the previous session's average: Destination Real time Pvs session Change average (mcm) Britain 130 107 23 Germany & Netherlands 117 128 -11 France 52 52 0 Belgium 44 42 2 Total 343 329 14 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 Dec 3 Dec 2 NBP (UK) 24.7/56.9 24.4/56.8 TTF (Netherlands) 23.9 23.8 NCG (Germany) 23.9 23.8 Gaspool (Germany) 24.0 23.8 Zeebrugge (Belgium) 24.1 23.8 Peg Nord (France) 24.0 24.0 Peg Sud (France) 24.1 24.0 Oil-indexed prices* 28.69/29.89/33.21 28.69/29.89/33.21 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 William Hardy)
26 Jan 2024 08:48
LONDON MARKET OPEN: Oil majors boost FTSE; LVMH lifts Burberry
(Alliance News) - The FTSE 100 looked set to end the week on a high note in early Friday trading, buoyed by strong US economic data and rising oil prices.
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