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Average German gas import price down 8% in July to Eur20.60/MWh: BAFA

https://www.chemnet.com   Sep 17,2014 Platts
The average German gas import price in July was down 8.4% from June at Eur20.60/MWh, and down 25.0% from the price in July 2013, according to data from German customs agency BAFA released Tuesday.

The price reflects gas at Germany's borders, whether based on spot market prices or long-term contracts indexed to the spot market or to the oil market.

The average day-ahead German gas price in the spot market in July was lower, at Eur16.48/MWh for GASPOOL and Eur16.67/MWh for NetConnect Germany, according to Platts assessments.

Long-term contracts indexed to oil may be priced above the spot market, pulling up the average import price.

The volume of gas imported into Germany in July was 246,956 terajoules (6.5 billion cubic meters), down 18.8% from the same month of 2013.

In 2013 Germany needed to import large volumes of gas to refill its storage facilities after a cold winter. But winter was fairly mild this year, meaning less gas has been needed for storage injections.

From January to July 2014 German gas import volumes at a total 1,968,474 terajoules fell 8.7% below the same months of 2013.

The three most important suppliers in the January-July period were Russia at 757,112 TJ, Norway at 649,403 TJ and the Netherlands at 464,892 TJ.

The value of gas imports from Russian, Dutch, Norwegian, Danish and British sources in the January-July period was Eur13.3 billion ($17.2 billion), compared with Eur16.8 billion in the same period the year before.
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