BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR PRIVACY & COOKIE NOTICE
X


Libyan natural gas flows to Italy remain low on Greenstream pipeline outage: sources

London (Platts)--12 Jan 2018 954 am EST/1454 GMT


Libyan gas exports to Italy were still below average Friday after gas pumping rates at Libya's Greenstream pipeline to Italy plummeted Thursday, sources close to the matter said.


  • Russian imports, storage withdrawals cover
  • No impact on prices due to limited changes
  • PSV up in Friday trade on colder temperatures

"Libyan flows are still below average today but the system is balanced with more Russian gas and storage withdrawal," a trader said.

Snam figures showed gas supply from Libya via Gela was nominated at 5 million cu m Friday, down 9 million cu m from Thursday's day-ahead nominations. Supply from Russia via Tarvisio was nominated at 51 million cu m, with storage withdrawals nominated at 99 million cu m.

"It's not a huge change on the day; I don't think it had a real impact on the market," another trader said.

Libyan gas exports to Italy via Gela were down 8.6 million cu m at 4 million cu m Thursday, a level not seen since August 26, data from S&P Global Platts Analytics showed Friday.

Russian gas exports to Italy through Austria increased to 43 million cu m Thursday, while storage withdrawals stood at 104 million cu m, up 13 million cu m on the day.

At 12:00 pm London Time Friday, the PSV day-ahead contract was trading at Eur21.1/MWh, up 50 euro cents from the previous assessment.

Sources said colder temperature forecasts in Italy were adding to the upward pressure on spot prices.

--Lara Berton, lara.berton@spglobal.com
--Edited by Jonathan Fox, jonathan.fox@spglobal.com

Request a free trial of: European Gas Daily European Gas Daily
European Gas Daily

European Gas Daily is a flagship Platts publication that delivers crucial competitive intelligence across the entire European gas marketplace. It keeps you ahead of critical price changes and their effects on the industry -- to help you make informed market decisions.

Request a free trial More Information




Copyright © 2018 S&P Global Platts, a division of S&P Global. All rights reserved.