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NATGAS
NORWAY GAS – The European gas market remains sensitive to supply risks ahead of the upcoming winter heating season. Gas storage is gradually filling to target levels, but European supplies are expected to tighten during the upcoming Norwegian maintenance season.
- Norwegian pipeline supplies to Europe are today nominated at 333.3mcm/d with capacity reductions of 18mcm/d today and over the weekend according to Gassco.
- Seasonal maintenance is currently expected to ramp up to a peak of 200mcm/d of unavailable capacity on Sep 13.
- The Kollsnes processing facility will reduce capacity by 18mcm/d from Aug 10 to Sept 2.
- Gulfaks will have 5.4mcm/d of unavailable capacity from Aug 20-21, 16.1mcm/d from
- Asgard will have 8.3mcm/d unavailable on Aug 22-24 and the full 16.4mcm/d offline from Aug 24-Oct 1.
- Kristin will reduce capacity by 8.5mcm/d from Aug 24-30
- Other fields and plants including Skarv, Sleipner, Visund, Karsto, Heidrun, Johan Sverdrup and Njord all have works planned before the end of the month.
- Full details of the current Gassco unavailable capacity this month is shown in the attached table and graph.
Source: Gassco
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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