* Norway's pipeline gas exports total 287 mcm/day * Langeled flows to Britain fall by 10 mcm/day OSLO, Sept 30 (Reuters) - Natural gas exports from Norway, Europe'ssecond-biggest gas supplier, fell on Tuesday morning on lower deliveries toBritain, partly offset by small increases to Germany and France, data from gassystem operator Gassco showed. Flows through the Langeled pipeline, Britain's main subsea gas import route,fell by 10 million cubic metres (mcm) per day to 29 mcm per day. "As we move into October, we expect production from the Norwegiancontinental shelf to pick up driven by long term contracts and optimisation ofNorwegian fields in the winter season," analysts at Thomson Reuters Point Carbonsaid. 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 57 66 -9 Germany & Netherlands 143 141 2 France 49 47 2 Belgium 38 37 1 Total 287 291 -4 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 Sept 29 Sept 26 NBP (UK) 21.9/50.0 21.5/49.2 TTF (Netherlands) 22.4 21.9 NCG (Germany) 22.7 22.1 Gaspool (Germany) 22.4 21.6 Zeebrugge (Belgium) 21.8 21.7 Peg Nord (France) 23.0 22.6 Peg Sud (France) 30.3 26.1 Oil-indexed prices* 28.31/30.29/33.66 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 Mark Potter)
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.
Read more