May 16, 2018 / 2:05 PM / 4 days ago

TABLE-Germany's Jan-March gas imports up 15.7 pct, bill 24.6 pct higher

    FRANKFURT, May 16 (Reuters) - Germany imported 15.7 percent
more natural gas in January-March versus the same period last
year, paying 24.6 percent more as oil-linked gas prices followed
crude higher, data from trade statistics office BAFA showed on
Wednesday.
    The import bill in the three months came to 7.6 billion
euros ($8.96 billion) against 6.1 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:
                      Mar 2018       Mar 2017      Pct change
 Gas border price      **5,498.50       4,818.95      +  14.1
 (in euros/TJ)*                                   
                                                  
                                                  
 Gas imports (TJ)         526,552        441,567       + 19.2
                                                  
                                                  
                                                             
                                                  
 
    
                    Jan-Mar 2018     Jan-Mar 17   Pct change
 Gas imports           1,429,431      1,235,670       + 15.7
 volume (TJ)                                     
                                                 
 Avg gas border         5,294.62       4,922.27        + 7.6
 price (in                                       
 euros/TJ)                                       
 Total value of              7.6            6.1       + 24.6
 imports (bln                                    
 euros)                                          
    
    * 1 terajoule = 278,000 kilowatt-hours (kWh), 1 bcm = 35,170
TJ
 ** equivalent to 1.98 cents/kWh
    
($1 = 0.8478 euros)

 (Reporting by Vera Eckert; Editing by Mark Potter)
  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below