February 23, 2018 / 3:40 PM / in 9 months

TABLE-Germany's 2017 gas imports up 15 pct, cost up 27 pct

    FRANKFURT, Feb 23 (Reuters) - Germany imported 15 percent
more natural gas last year than in 2016 and paid 27 percent more
as oil-linked gas prices were buoyed by higher underlying crude,
data from statistics office BAFA showed on Friday.
    The gas import bill in the 12 months rose to 22.6 billion
euros ($27.8 billion) on volume of 4,778,136 terajoules (TJ)*.
    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. 
    Russia's Gazprom said on Jan. 3 that it had shipped 53.4
billion cubic metres to Germany. Converted to terajoules that
would constitute 39.3 percent of the total. 
    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 also increasing.
    BAFA gave the following details:
                      Dec 2017       Dec 2016      Pct change
 Gas border price      **5,032.15       4,889.25       +  2.9
 (in euros/TJ)*                                   
                                                  
                                                  
 Gas imports (TJ)         456,983        409,833       + 11.5
                                                  
                                                  
 
                    Jan-Dec 2017   Jan-Dec 2016   Pct change
 Gas imports           4,778,136      4,156,376       + 15.0
 volume (TJ)                                     
                                                 
 Avg gas border         4,729.42       4,274.42       + 10.6
 price (in                                       
 euros/TJ)                                       
 Total value of             22.6           17.8       + 27.0
 imports (bln                                    
 euros)                                          
 * 1 terajoule = 278,000 kilowatt-hours (kWh), 1 bcm = 35,170 TJ
 ** equivalent to 1.81 cents/kWh


($1 = 0.8123 euros)

 (Reporting by Vera Eckert; Editing by David Goodman)
  
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