MNI China Daily Summary: Thursday, Dec 5

MNI: UK NOVEMBER CONSTRUCTION PMI 55.2 (FCST: 53.5); OCT 54.3

MNI: EUROZONE NOVEMBER CONSTRUCTION PMI 42.7 OCT 43.0

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1879 Thurs; -1.82% Y/Y

MNI: EUROZONE OCT RETAIL SALES -0.5% M/M, +1.9% Y/Y

MNI: FRANCE OCT INDUSTRIAL PRODUCTION -0.1% M/M, -0.6% Y/Y

MNI: GERMANY OCT FACTORY ORDERS -1.5% M/M

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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High Norwegian Gas Flows to Europe Set to Stay: Gassco CEO

NATURAL GAS

Norway’s gas export system is set to deliver record volumes of energy to Europe according to the head of pipeline operator Gassco.

  • “We have this summer delivered what we would usually deliver in winter months,” Gassco CEO Frode Leversund said.
  • Deliveries this year have already increased by the equivalent of 60 terawatt hours, or 4.97 billion cubic metres (bcm) of gas, according to Gassco figures.
  • Norway has replaced Russia as Europe’s biggest supplier of gas.
  • Norway is still set to deliver a new annual record of more than 117 bcm of gas through its pipelines in 2022, up from 113.2 bcm last year, the CEO said.
  • A new pipeline connecting Norway to Poland via Denmark, called Baltic Pipe, due to start operations in October, might also lift Gassco’s overall capacity, he added.
Energy BulletsCommodities
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