April 20, 2018 / 1:47 PM / 7 months ago

TABLE-Germany's Jan-Feb gas imports up 13.7 pct, bill 17.5 pct higher

    FRANKFURT, April 20 (Reuters) - Germany imported 13.7
percent more natural gas in January and February versus the same
months last year, paying 17.5 percent more as oil-linked gas
prices followed more expensive crude oil, data from trade
statistics office BAFA showed on Friday.
    The import bill in the month came to 4.7 billion euros 
($5.77 billion) against 4.0 billion a year earlier, the data
showed.
    Many continental European long-term gas supply contracts
still track crude oil prices, though the importance of virtual
gas trading points for spot supplies is increasing.
    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. 
    BAFA gave the following details:
                      Feb 2018       Feb 2017      Pct change
 Gas border price      **5,269.99       5,040.98       +  4.5
 (in euros/TJ)*                                   
                                                  
                                                  
 Gas imports (TJ)         455,609        383,298       + 18.9
                                                  
                                                  
                                                             
                                                  
 
    
                    Jan-Feb 2018     Jan-Feb 17   Pct change
 Gas imports             902,879        794,103       + 13.7
 volume (TJ)                                     
                                                 
 Avg gas border         5,175.72       4,979.73        + 3.9
 price (in                                       
 euros/TJ)                                       
 Total value of              4.7            4.0       + 17.5
 imports (bln                                    
 euros)                                          
    
    * 1 terajoule = 278,000 kilowatt-hours (kWh), 1 bcm = 35,170
TJ
 ** equivalent to 1.9 cents/kWh
    
($1 = 0.8139 euros)

 (Reporting by Vera Eckert
Editing by Edmund Blair)
  
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