Categories: Business

Repair of the export gas pipeline to Norway will last two days

Nora Booley

OSLO, June 4 (Reuters) – Disruptions to Norwegian gas exports to Britain via the Langeled pipeline are likely to be cleared in the next two days, with supplies resuming early June 7, Norwegian system operator Gassko said on Tuesday.

The accident, which Gasco blamed on a crack in a two-inch pipe on Equinor’s Sleipner Riser platform, sent gas prices higher in Europe, the United States and elsewhere on Monday.

“Based on what we’ve been told by the field operator, this is the repair time we think it will take to fix the problem,” Alfred Hansen, Gassco’s head of systems operations, told Reuters after the meeting with Equinor.

Repairs could take longer or shorter, but are not expected to take several weeks, he added.

Norway has overtaken Russia as Europe’s biggest gas supplier in 2022 following Moscow’s invasion of Ukraine, so any disruption to Norwegian fields could cause prices to rise.

Supply disruptions lifted gas prices in Europe to their highest since December on Monday amid fears supply could be cut at a time when remaining Russian volumes and heat in Asia intensify competition for liquefied natural gas (LNG).

Europe’s benchmark gas price, the Dutch one-month contract, responded to Gassco’s latest forecast by losing 4% to €34.93/MWh at 0925 GMT.

It hit a high of 38.56 euros on Monday, its highest level since early December.

(Reporting by Nora Buley; Editing by Terje Solsvik, Rashmi Eich and David Evans; Editing in Spanish by Javi West Larrañaga)

Source link

Admin

Share
Published by
Admin

Recent Posts

Hailey Bieber: 8 looks that will highlight your style this winter

Toutes les célébrités have no influence on memes. You may become a style icon and…

15 minutes ago

Ukraine-Russia war, live: attacks, use of long-range missiles, breaking news and Putin and Zelensky’s reactions

continue stay Possible launch of long range missiles ukraine The backlash against Russian territory came…

19 minutes ago

They are evaluating the effectiveness of regenerative medicine in dogs with osteoarthritis that do not respond to pain medication.

Osteoarthritis (O.A.) represents degenerative joint disease in which chronic inflammation leads to loss of articular…

21 minutes ago

Almost 60% of the population uses cash as their main means of payment.

Madrid (EFE).- Cash continues to be the most used daily means of payment for 57%…

26 minutes ago

Epic Deals on Consoles and Video Games

Black Friday is a highly anticipated campaign for video game fans, and PlayStation doesn't disappoint…

29 minutes ago

‘This needs to be cut’ | Relief

ANDThe nth connection between Real Madrid and La Liga at the General Assembly clubs. At…

31 minutes ago