Bookmark Jamaica-Gleaner.com
Go-Jamaica Gleaner Classifieds Discover Jamaica Youth Link Jamaica
Business Directory Go Shopping inns of jamaica Local Communities

Home
Lead Stories
News
Business
Sport
Commentary
Letters
Entertainment
Lifestyle
Caribbean
International
The Star
E-Financial Gleaner
The Voice
Communities
Hospitality Jamaica
Google
Web
Jamaica- gleaner.com

Archives
1998 - Now (HTML)
1834 - Now (PDF)
Services
Find a Jamaican
Library
Live Radio
Podcasts
Weather
Subscriptions
News by E-mail
Newsletter
Print Subscriptions
Interactive
Chat
Dating & Love
Free Email
Guestbook
ScreenSavers
Submit a Letter
WebCam
Weekly Poll
About Us
Advertising
Gleaner Company
Contact Us
Other News
Stabroek News

New Dutch pipeline starts pumping gas to UK
published: Tuesday | November 28, 2006

LONDON, United Kingdom (Reuters):

A new pipeline linking the Netherlands to Britain on Monday pumped its first gas supplies to the United Kingdom, Europe's biggest market for the fuel.

The Balgzand-Bacton (BBL) pipeline, one of several new import projects to boost gas supplies to Britain, delivered test flows at a rate of about 16 million cubic metres (mcm) per day, data from the U.K.'s National Grid showed.

The 500-million euro BBL line, which comes ashore at Bacton in east England, is scheduled to start full commercial flows on December 1. It will have a maximum capacity of 16 billion cubic metres a year, about 16 per cent of U.K. demand.

Britain needs extra gas to make up for declining production from its ageing North Sea fields. A new pipeline from Norway, the Langeled project, came on stream last month.

BBL is a joint venture between Dutch gas grid company Gasunie, Germany's E.ON Ruhrgas and Belgian grid operator Fluxys.

This week's test flows ahead of the commercial launch will go to Centrica, the U.K.'s biggest supplier, an industry source said last week. Centrica has a deal to import eight bcm a year via BBL.

Spot gas prices in the U.K. dipped after the BBL test flows started, a trader said. Gas for delivery on Monday traded at 19.75 pence a therm, down 18 pence from the previous close.

Last month spot prices turned negative, forcing suppliers to pay for the right to pump gas into the grid, after the launch of the Langeled line.

More Business



Print this Page

Letters to the Editor

Most Popular Stories





© Copyright 1997-2006 Gleaner Company Ltd.
Contact Us | Privacy Policy | Disclaimer | Letters to the Editor | Suggestions | Add our RSS feed
Home - Jamaica Gleaner