* Norway gas exports at 287 mcm/day * Langeled flows to UK at 30 mcm/day OSLO, April 1 (Reuters) - Norwegian gas exports to Britaindropped sharply on Tuesday as production was adjusted due to thestart of a new gas season, data from gas system operator Gasscoshowed. Supplies through the Langeled pipeline, Britain's mainsubsea gas import route, dropped to 30 million cubic metres(mcm) per day from 69 mcm on Monday. "Lower export volumes to the UK are most likely due toadjustments in production from April," said Anetter Einarsen, ananalyst at Thomson Reuters Point Carbon. "We expect Langeled volumes to continue around these levelsfor April, but they could increase some if demand on theContinent drops," she added. Supplies to continental Europe remained steady on Tuesday. The following table shows Norwegian pipeline gas flowsmeasured in mcm/day compared with the previous day's closinglevel: Destination Real time Pvs session Change (mcm) Britain 63 100 -37 Germany & Netherlands 138 140 -2 France 48 48 0 Belgium 39 41 -2 Total 288 329 -41 NOTE: Pipeline gas export figures are based on gas fed into thesystem 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. Following is a summary of spot price settlements at Europeangas trading hubs: Gas hub March 31 March 28 NBP (UK) 21.1/51.1 21.4/51.9 TTF (Netherlands) 21.0 21.0 NCG (Germany) 21.3 21.1 Gaspool (Germany) 21.0 21.4 Zeebrugge (Belgium) 20.9 21.1 Peg Nord (France) 21.4 21.1 Peg Sud (France) 21.8 23.2 Oil-indexed prices* 29.46/30.97/34.41 29.46/30.97/34.41 NOTE: Prices are in euros per megawatt-hour, except for NBP(euros/MWh & p/th). The oil-indexed price for Russian gas is anestimate by Thomson Reuters Point Carbon. * The oil-indexed prices mentioned above are in order:Russia spot-indexed gas/Russian oil-linked discountedgas/Russian outright oil-indexed gas. (Reporting by Nerijus Adomaitis)
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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