We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

Latest Share Chat

NORWAY GAS-Flows to Britain fall as more gas goes to France

Mon, 22nd Sep 2014 09:15

* Norway's pipeline gas exports total 254 mcm/day * Statoil adds new compressor at Kvitebjorn field OSLO, Sept 22 (Reuters) - Norway's pipeline gas exports to Britain fellsharply from last Friday's average as deliveries were diverted to France aheadof planned maintenance at Dunkirk terminal, data from gas system operator Gasscoshowed. Flows through the Langeled pipeline, Britain's main subsea gas import route,were down to 25 million cubic metres (mcm) per day from 34 mcm/day on Friday. "We expect Langeled flows to remain at these levels towards end ofSeptember. Potentially, there could be a small increases on Sep. 23 as Dunkirkterminal goes into a one-day maintenance and Sep. 25 which marks the end of theongoing maintenance at Kollsnes and Troll gas field," analysts at ThomsonReuters Point Carbon said. Norway's Statoil said on Monday it had installed a new compressorat Kvitebjoern field to increase gas and condensate output by about 220 millionbarrels of oil equivalent, equivalent to an output from a medium-sized field,and to prolong the field's lifetime to 2035 from 2027. Kvitebjorn delivers gas to the Kollsnes gas processing plant which sends itto customers in Britain and continental Europe. 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 (mcm) Britain 35 57 -22 Germany & Netherlands 137 132 5 France 38 24 14 Belgium 43 44 -1 Total 253 257 -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 19 Sept 18 NBP (UK) 21.4/49.3 21.3/49.2 TTF (Netherlands) 20.8 21.4 NCG (Germany) 20.8 21.8 Gaspool (Germany) 20.6 21.5 Zeebrugge (Belgium) 20.9 21.3 Peg Nord (France) 22.8 22.1 Peg Sud (France) 29.2 28.4 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 Susan Thomas)

Related Shares

More News
27 Oct 2022 07:30

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.

21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, par...

7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating th...

31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.