The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

NORWAY GAS-flows to Europe steady

Thu, 20th Mar 2014 08:07

* Norway gas exports at 320 mcm/day * Langeled flows to UK at 72 mcm/day OSLO, March 20 (Reuters) - Gas flows from Norway, Europe'ssecond-biggest supplier after Russia, were broadly steady onThursday morning compared to the previous day's average, datafrom gas system operator Gassco showed. Supplies through the Langeled pipeline, UK's main subsea gasimport route, which were running at a full capacity and causingoversupply in Britain, might decrease from April as the marketmoves into summer season, analysts at Thomson Reuters PointCarbon said. The following table shows Norwegian pipeline gas flowsmeasured in mcm/day compared with the previous day's closingamount: Destination Real time Pvs session Change (mcm) Britain 105 102 3 Germany & Netherlands 126 126 0 France 44 45 -1 Belgium 45 49 -4 Total 320 322 -2 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 March 19 March 18 NBP (UK) 23.0/56.4 23.2/57.0 TTF (Netherlands) 22.5 22.6 NCG (Germany) 22.6 22.9 Gaspool (Germany) 22.4 23.0 Zeebrugge (Belgium) 22.6 22.8 Peg Nord (France) 22.6 22.9 Peg Sud (France) 23.6 25.3 Oil-indexed prices* 29.46/30.97/34.41 29.46/30.97/34.41 NOTE: Prices are in euros per megawatt-hour, except for NBP(euros/MWh & p/th). The oil-indexed price for Russian gas is anestimate 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 Jason Neely)

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.