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NORWAY GAS CUT TO UK LEAKS OUT - 01 MAY 2009
Norway-U.K. Langeled Gas Pipe Said to Shut Next Week (Update1)
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By Ben Farey
May 1 (Bloomberg) -- The Langeled natural-gas pipeline from Norway, the U.K.’s largest source of imports, will close next week for three days of onshore maintenance, four people familiar with the work said.
Repairs are planned at Easington where Langeled arrives in the U.K., the people said, declining to be identified as the information isn’t public. Kjell Varlo Larsen, a spokesman for Gassco AS, which operates Norway’s gas-pipeline network, declined to comment.
U.K. gas for delivery next week reversed earlier losses to gain as much as 0.4 pence, or 1.4 percent, to 29.5 pence a therm at 10:01 a.m. local time, according to broker ICAP Plc. That’s equal to .38 a million British thermal units.
Langeled supplies gas from Norwegian North Sea fields, including Royal Dutch Shell Plc-operated Ormen Lange, the third- largest in Europe. Gas flows to Easington and other southern U.K. terminals are expected to decline by 75.7 million cubic meters a day, or 19 percent, in the week beginning May 6, according to forecasts on National Grid Plc’s Web site.
The grid forecast shows 332.1 million cubic meters of gas a day will be available at southern terminals for those seven days, the lowest capacity forecast until September when Interconnector (U.K.) Ltd.’s reversible pipeline to Belgium will close for maintenance.
Langeled is designed to handle about 70 million cubic meters a day, according to Gassco’s Web site. The world’s longest subsea link delivered a record 74.2 million cubic meters of the fuel to the U.K. on Feb. 13, National Grid data show.
The pipeline is 1,166 kilometers (725 miles) long, starting in Nyhamna in mid-Norway and crossing the North Sea to arrive in Britain at Easington near Hull.
To contact the reporter on this story: Ben Farey in London at bfarey@bloomberg.net.
Last Updated: May 1, 2009 05:21 EDT
Share | Email | Print | A A A
By Ben Farey
May 1 (Bloomberg) -- The Langeled natural-gas pipeline from Norway, the U.K.’s largest source of imports, will close next week for three days of onshore maintenance, four people familiar with the work said.
Repairs are planned at Easington where Langeled arrives in the U.K., the people said, declining to be identified as the information isn’t public. Kjell Varlo Larsen, a spokesman for Gassco AS, which operates Norway’s gas-pipeline network, declined to comment.
U.K. gas for delivery next week reversed earlier losses to gain as much as 0.4 pence, or 1.4 percent, to 29.5 pence a therm at 10:01 a.m. local time, according to broker ICAP Plc. That’s equal to .38 a million British thermal units.
Langeled supplies gas from Norwegian North Sea fields, including Royal Dutch Shell Plc-operated Ormen Lange, the third- largest in Europe. Gas flows to Easington and other southern U.K. terminals are expected to decline by 75.7 million cubic meters a day, or 19 percent, in the week beginning May 6, according to forecasts on National Grid Plc’s Web site.
The grid forecast shows 332.1 million cubic meters of gas a day will be available at southern terminals for those seven days, the lowest capacity forecast until September when Interconnector (U.K.) Ltd.’s reversible pipeline to Belgium will close for maintenance.
Langeled is designed to handle about 70 million cubic meters a day, according to Gassco’s Web site. The world’s longest subsea link delivered a record 74.2 million cubic meters of the fuel to the U.K. on Feb. 13, National Grid data show.
The pipeline is 1,166 kilometers (725 miles) long, starting in Nyhamna in mid-Norway and crossing the North Sea to arrive in Britain at Easington near Hull.
To contact the reporter on this story: Ben Farey in London at bfarey@bloomberg.net.
Last Updated: May 1, 2009 05:21 EDT
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