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* Norwegian pipeline gas exports total 320 mcm/day * Skarv field expected to restart on Saturday OSLO, Nov 6 (Reuters) - Norwegian natural gas exports to Europe fell onThursday morning from the previous day because of lower deliveries to Britain,data from gas system operator Gassco showed. Flows through the Langeled pipeline, Britain's main subsea gas import route,were running at 68 million cubic metres (mcm) per day compared with its fullcapacity of 72 mcm/day. Gassco expects gas production from BP's Skarv field to restart onSaturday, as scheduled, but flows will be reduced during the gas day, it said onThursday. "With the Langeled flowing at the level close to capacity we expect thatreturn of Skarv field will rather affect flows to the Continent," analysts atThomson Reuters Point Carbon said. "Lower production from the Norwegian continental shelf today is likely dueto downward production adjustment at the Oseberg field as lower flows throughthe Vesterled pipeline suggest," they added. 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 95 104 -9 Germany & Netherlands 137 135 2 France 45 48 -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 5 Nov 4 NBP (UK) 22.7/52.0 23.1/53.0 TTF (Netherlands) 21.7 22.4 NCG (Germany) 22.2 22.4 Gaspool (Germany) 22.2 22.3 Zeebrugge (Belgium) 22.1 22.2 Peg Nord (France) 22.1 22.1 Peg Sud (France) 22.2 22.1 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 08:59
LONDON MARKET OPEN: FTSE 100 falls as oil lower despite Iran strikes
(Alliance News) - Stock prices in London opened lower on Monday, with a decline in oil prices sending Shell and BP lower, in a cautious start to the week following Iran's strikes on Israel over the weekend.
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