Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-09-06 18:30:00

NORWEGIAN GAS TO UK

NORWEGIAN GAS TO UK

GASTECHNEWS wrote, the UK's natural gas imports from Norway are forecast to increase up to 15% year on year this winter. In the months from October to March, the UK will likely import between 60-136 mcm per day of gas from Norway. At the high end of this range, imports would be up 18 mcm per day in the same period a year earlier. Imports of Dutch and Belgian gas are also projected to increase amid predictions that lows from the UK Continental Shelf (UKCS) may fall by 4% this year to as low as 70 mcm per day.

Although UK gas supplies could yet hit some hurdles this winter – such as issues at Rough, the country's biggest storage facility – it should have more than enough gas to meet demand. Mandatory output cuts at the Netherlands' Groningen gas field after production there was linked with earthquakes in the region represent another potential challenge to British gas supplies. However, Groningen – which is Europe's biggest gas field – is allowed to increase production in the event of a particularly cold winter, and this would enable sufficient gas to flow to the UK.

In all, the UK should have as much as 605 mcm per day of gas available for the winter period. Expected there to be sufficient gas supplies available to meet demand for winter, Great Britain's gas demand is expected to be met from a wide range of supply sources. A fairly weak demand picture should also help keep shortages at bay. This should be especially true if weather trends hold, as over each of the past four winters, the UK has not once endured a single day that was cold enough to push demand above 400 mcm.

Brexit impact on the UK gas sector: The UK has evolved from being self-sufficient in gas from the North Sea to a position as a net importer of gas. Owing to this change, the country has turned to LNG deliveries and also supplies coming in via the UK-Belgium Interconnector gas pipeline (IUK).

But leaving the European Union could raise questions about the guarantee of future gas supplies through IUK. As an EU member, the UK could depend on the IUK to meet its needs when its gas market was short. Meeting this need has effectively been an obligation on fellow member states under European single energy market rules. But with the UK now preparing to exit the EU, this source of supply may not be so readily available, particularly if continental countries wished to store any surplus gas on the mainland EU side. This recalibration is likely to see the UK diversify its gas purchases, with new LNG suppliers such as the US and Russia emerging as potential suppliers.

-----

Earlier:

NORWAY: 

EUROPEAN ENERGY MARKET BALANCE 

NORWAY'S EFFICIENT DRILLING 

NORWAY IS BETTER 

THE LARGEST NORWEGIAN OIL 

IMF WANT NORWAY

 

BRITAIN: 

LETTERONE IS LOOKING 

BG LOSES MARKET 

BRITAIN HAS CUT TO 90% 

BRITAIN & OIL PRICES DOWN: $47.8 

BRITAIN'S  PRICES UP

 

 

 

 

Tags: GAS, NORWAY, BRITAIN

Chronicle:

NORWEGIAN GAS TO UK
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

NORWEGIAN GAS TO UK
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

NORWEGIAN GAS TO UK
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

NORWEGIAN GAS TO UK
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

All Publications »