Outages curtail Norwegian natural gas exports
Total UK confirmed on Monday that it has suspended production at its Elgin/Franklin field in the North Sea, as a gas leak forced the company to evacuate staff from the platform.
Meanwhile, Norwegian grid operator Gassco confirmed an outage at the Nyhamna processing plant, which services production from the vast Shell-operated Ormen Lange field.
Gas production has been curtailed from the 15.5 million cubic metres (Mm³)/day oil and gas field, from which gas usually flows through the SEAL pipeline system to the British Bacton terminal. The Ormen Lange gas field is capable of producing almost 74Mm³/day, a large amount of which is exported to Britain via the Langeled pipeline.
Gas beaching at Easington via Langeled was down to a rate of just 51Mm³/day at 11:00 hours London time, having been in the region of 70Mm³/day a week earlier, according to Gassco data.
At the same time, NBP Day-ahead was trading 5.1% higher than Friday's settlement, at 56.35p/th from 54.60p/th. Its TTF equivalent was even more bullish, trading 9.0% higher at €23.35/MWh from €21.425. Germany's NCG gains were less muted, however, up 4.1% to €23.55/MWh from Friday's €22.625/MWh.
The outage at Nyhamna is only due to last for eight hours following the 08:40 shutdown. However, the return of the Elgin/Franklin field is as yet unknown. JT/MM
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