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NATURAL GAS
Norwegian pipeline gas flows to Europe fell to the lowest level since 14 July on Thursday as annual maintenance is ramping up, Gassco remit data show.
- Piped gas flows from Norway to Europe fell to 269.7mcm/d on Thursday, the lowest level since 14 July and down from last week’s average of 321.1mcm/d.
- Flows significantly reduced on the day with the begin of maintenance at the Ormen Lange and Segal fields. Omen Lange will further reduce output on 25-26 August.
- A total of 55.50mcm/d of Norwegian gas capacity is offline as of 24 August. Unavailability will almost double to 103.4mcm/d on Friday and further gradually ramp up in the coming weeks to reach a peak of 173.4mcm/d of unavailable capacity on 4 September.
- Annual maintenance at the Troll field will increase unavailable capacity to 53.5mcm/d, from currently 34.5mcm/d, on Friday. The Kvitebjorn and Visund fields will also begin yearly maintenance on Friday.
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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