* Norwegian gas exports total 342 mcm/day * Deliveries to Britain rise by 10 mcm/day OSLO, Feb 10 (Reuters) - Norway's natural gas exports toBritain edged higher on Tuesday morning from the previous daydue to increased deliveries via the Vesterled pipeline, datafrom gas system operator Gassco showed. Flows to Britain, Europe's biggest traded gas market, were10 million cubic metres up on a day at 110 mcm/day by 1115 GMT,but potentially could fall back later due to an unexpectedoutage on the Entry SEGAL. The outage, which started at around 0700 GMT, is set to cutNorway's gas export capacity by 10 mcm/day on Tuesday, Gasscosaid on its website. Vesterled flows were running at a rate of 26 mcm/day, 8 mcmup from the previous day average, but below this winter'smaximum of 30 mcm/day. Demand in Britain is supported by slightly colder weatherthan on Monday, but meteorologists forecast temperatures risingabove seasonal norms from Thursday. Entry SEGAL is a point where two pipelines from the Gjoe andStatfjord fields enter the FLAGS pipeline which delivers gas tothe SEGAL (Shell Esso Gas and Associated Liquids) systemterminal at St Fergus. A planned corrective maintenance at a gas field offshoreNorway is expected to reduce production capacity by 10.6 mcm/dayon Wednesday. The following table shows Norwegian pipeline gas flows,measured in mcm/day, compared with the previous session'saverage: Destination Real time Pvs session Change average (mcm) Britain 110 100 10 Germany & Netherlands 134 139 -5 France 54 55 -1 Belgium 44 42 2 Total 342 336 6 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 Feb 9 Feb 6 NBP (UK) 22.5/49.0 22.3/48.6 TTF (Netherlands) 21.4 21.2 NCG (Germany) 22.9 21.8 Gaspool (Germany) 22.0 21.4 Zeebrugge (Belgium) 21.7 21.5 Peg Nord (France) 24.7 23.1 Peg Sud (France) 24.7 23.3 Oil-indexed prices* 27.04/28.52/31.69 27.04/28.52/31.69 NOTE: Prices are in euros per megawatt-hour (MWh), except forNBP (euros/MWh & p/th). The oil-indexed price for Russian gas isan estimate 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; editing by Jon Boyle)
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