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Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

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NORWAY GAS-Flows to Britain surge after Nyhamna outage ends

Fri, 23rd Oct 2015 07:36

OSLO, Oct 23 (Reuters) - Norwegian gas flows to Britainsurged on Friday morning after an unexpected outage at theNyhamna gas processing plant ended, data from gas systemoperator Gassco showed. Gas flows to Europe were running at 334 million cubic metres(mcm) per day by around 0700 GMT, up 45 mcm from the volumesdelivered on Thursday. The Nyhamna plant processes gas from Shell's giantOrmen Lange gas field in the North Sea and feeds it to theLangeled pipeline, Britain's main gas subsea import route. Deliveries to Britain via Langeled rose by 39 mcm fromThursday to 53 mcm/day. Norway can produce up to 350 mcm of gas per day for exportto Britain and continental Europe. An outage at BP's field offshore Norway was expectedto last until Oct. 30, Gassco said in a separatemessage. The following table shows Norwegian gas pipeline flows,measured in mcm/day, and changes from the previous session'sdelivered volumes: Destination Real time Pvs business Change day (mcm) Britain 97 58 39 Germany & Netherlands 141 137 4 France 52 50 2 Belgium 44 44 0 Total 334 289 45 NOTE: Real-time gas export figures are based on gas fed intothe system 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. Volumes for the previous business day show delivered gas. Following is a summary of spot price settlements at Europeangas trading hubs: Gas hub Oct 22 Oct 21 NBP (UK) 18.82/39.80 18.56/39.90 TTF (Netherlands) 18.30 18.25 NCG (Germany) 18.50 18.45 Gaspool (Germany) 18.00 18.00 Zeebrugge (Belgium) 18.32 18.17 Peg Nord (France) 18.52 18.48 Trading Region South 18.76 18.83 (France) Oil-indexed prices* 20.80/25.39 20.80/25.39 NOTE: Prices are in euros per megawatt-hour (MWh), except forNBP (euros/MWh & p/th). * - The oil-indexed prices are in order: Point Carbon's bestestimate for Russian gas, including spot indexation and baseprice discounts, and an estimate for Russian outrightoil-indexed gas. (Reporting by Nerijus Adomaitis. Editing by Jane Merriman)

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