Tuesday 19 May 2015

Norwegian gas flows at zero – DMR

Norwegian gas flows at zero – DMR

Norwegian flows have reduced to zero due to a gas terminal shutting down, according to npower’s daily market report.

The Langeled flows have stopped after the closure of the Easington Gas Terminal and maintenance at the Ormen Lange gas field on the Norwegian continental shelf has started.

Gemma Bruce from npower’s optimisation desk said: “Although this maintenance is only short lived, expectations are for flows to reach just 5mcm.”

Despite this, LNG send out has increased to almost 60mcm.

Ms Bruce added: “The gas system has opened in length and helped nudge gas prices lower.”

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CCGT demand is higher as solar generation dropped to just above 3GW.

Wind generation is peaking at 5GW today, more than what was forecast but is expected to fall in the coming days.

The euro has weakened. Ms Bruce said this is due to “news the European Central Bank will increase its purchases of euro-area assets in May and June ahead of a poor liquidity period in the summer”.

The oil markets have lowered to $65.5 a barrel (£42.2/Bbl).

Written by

Bruna Pinhoni

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