OSLO, Dec 15 (Reuters) - Norwegian gas flows to Europe fellon Tuesday on lower deliveries to Britain, data from gas systemoperator Gassco showed. Gas flows to Europe were running at 341 million cubic metres(mcm) per day by around 1300 GMT, down 10 mcm from volumesdelivered on Monday. Gas demand in Britain is expected to fall due to aboveseasonal norm temperatures. 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 97 108 -11 Germany & Netherlands 146 146 0 France 53 53 0 Belgium 45 44 1 Total 341 351 -10 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 Dec 14 Dec 11 NBP (UK) 16.33/34.75 16.17/35.50 TTF (Netherlands) 16.08 16.23 NCG (Germany) 16.10 16.35 Gaspool (Germany) 16.55 16.55 Zeebrugge (Belgium) 15.93 16.30 Peg Nord (France) 16.18 16.68 Trading Region South 18.19 18.49 (France) Oil-indexed prices* 20.79/24.89 20.79/24.89 NOTE: Prices are in euros per megawatt-hour (MWh), exceptfor NBP (euros/MWh & p/th). * - The oil-indexed prices are in order of Point Carbon'sbest estimate for Russian gas, including spot indexation andbase price discounts, and an estimate for Russian outrightoil-indexed gas. (Reporting by Nerijus Adomaitis; editing by Susan Thomas)
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