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TABLE-Germany's Jan-Feb gas imports up 12.3 pct, bill 29 pct higher
April 20, 2017 / 2:57 PM / 8 months ago

TABLE-Germany's Jan-Feb gas imports up 12.3 pct, bill 29 pct higher

    FRANKFURT, April 20 (Reuters) - Germany imported 12.3
percent more natural gas in January and February versus a year
earlier, while higher crude oil prices - to which the contracts
are linked - meant costs rose 29 percent, official data showed.
    The January-February gas import bill was 4 billion euros 
($4.30 billion), with the volume at 794,103 terajoules (TJ)*,
data from trade statistics office BAFA showed.
    Germany mainly imports gas from Russia, Norway, the
Netherlands, Britain and Denmark. 
    BAFA no longer provides a breakdown of supply from each
country, but Russia is the top supplier by far.
    Many continental European gas prices under long-term supply
contracts still track crude oil prices, with a time lag, though
the importance of virtual gas trading points for spot supplies
is increasing.
    BAFA gave the following details:
                       Feb 2017     Feb 2016      Pct change
                        alone        alone       
 Gas border price     **5,040.98      4,356.82        + 15.7
 (in euros/TJ)*                                  
                                                 
                                                 
 Gas imports (TJ)        383,298       340,088       +  12.7
                                                 
                                                 
 
                    Jan-Feb 2017   Jan-Feb 2016   Pct change
 Gas imports             794,103        707,336       + 12.3
 volume (TJ)                                     
                                                 
 Avg gas border         4,979.73       4,415.89       + 12.8
 price (in                                       
 euros/TJ)                                       
 Total value of              4.0            3.1       + 29.0
 imports (bln                                    
 euros)                                          
 * 1 terajoule = 278,000 kilowatt-hours (kWh), 1 bcm = 35,170 TJ
 ** equivalent to 1.81 cents/kWh

($1 = 0.9296 euros)

 (Reporting by Vera Eckert; Editing by Mark Potter)
  

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