* Norway's pipeline gas exports total 305 mcm/day * Langeled flows to Britain rise by 7 mcm/day OSLO, Oct 2 (Reuters) - Natural gas exports from Norway, Europe'ssecond-biggest gas supplier, rose on Thursday morning to the highest levelssince March, helped by higher deliveries to Britain and Germany, data from gassystem operator Gassco showed. Flows through the Langeled pipeline, Britain's main subsea gas import route,were up by 7 million cubic metres (mcm) per day to 51 mcm/day. "The increase in flows was expected as Norway is ramping up output to adjustproduction to winter contracts," analysts at Thomson Reuters Point Carbon said. The following table shows Norwegian pipeline gas flows, measured in millioncubic metres/day, compared with the previous session's average: Destination Real time Pvs session Change average (mc) Britain 80 69 11 Germany & Netherlands 142 136 6 France 42 46 -4 Belgium 41 40 1 Total 305 291 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 Oct 1 Sept 30 NBP (UK) 22.6/51.6 21.6/49.3 TTF (Netherlands) 21.8 20.6 NCG (Germany) 22.4 21.5 Gaspool (Germany) 22.7 22.2 Zeebrugge (Belgium) 22.1 20.9 Peg Nord (France) 22.8 22.2 Peg Sud (France) 26.5 29.6 Oil-indexed prices* 28.63/30.17/33.52 28.31/30.29/33.66 NOTE: Prices are in euros per megawatt-hour, except for NBP (euros/MWh & p/th).The oil-indexed price for Russian gas is an estimate by Thomson Reuters PointCarbon. * 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 Jane Baird)
Shell announces $4bn share buyback as Q3 profits beat expectations
(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.
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