BAKU, Azerbaijan, Apr.29
By Leman Zeynalova – Trend:
Natural gas sales volumes by Norway’s Equinor amounted to 15.6 billion standard cubic meters (bcm) in the first quarter of 2021, a decrease of 0.8 bcm compared to the first quarter of 2020, Trend reports via the company.
Of the total gas sales in the first quarter of 2021, entitlement gas was 13.6 bcm, up 0.2 bcm from the first quarter of 2020. The increase was mainly due to higher volumes DPI GLU entitlement, partially offset by the absence of equity LNG volumes as a result of the outage at the Hammerfest LNG plant due to shutdown.
Liquids sales volumes amounted to 197.4 million barrels (mmbl) in the first quarter of 2021, down by 7.3 mmbl compared to the first quarter of 2020 mainly due to decreased purchase from third party. Average invoiced European natural gas sales price was 64 percent higher in the first quarter of 2021 compared to the first quarter of 2020 mainly due to general strengthening of market prices. Average invoiced North American piped gas sales price increased by 46 percent in the same period mainly due to increased Henry Hub price due to cold weather.
Average daily equity production of liquids and gas was 360 mboe per day in the first quarter of 2021 compared to 421 mboe per day in the first quarter of 2020.
The decrease was primarily due to natural decline in mature fields and repairs on Peregrino in Brazil resulting in a production halt, partially offset by field specific production on the UK continental shelf and in Russia.
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