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Share Price: 509.20
Bid: 509.00
Ask: 509.20
Change: -1.20 (-0.24%)
Spread: 0.20 (0.039%)
Open: 506.40
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Prev. Close: 510.40
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NORWAY GAS-Exports surge as Norway ramps up output after outages

Mon, 11th May 2015 09:48

* Exports to Europe total 287 mcm/day * Flows to Britain rise by 20 mcm/day OSLO, May 11 (Reuters) - Norwegian gas exports to Europesurged on Monday from last Friday as production ramped up afterseveral gas field outages ended over the weekend, including atthe country's biggest gas field Troll. Total pipeline gas flows were running at a rate of 287 million cubic metres (mcm) per day by 0900 GMT, 73 mcm up fromvolumes delivered on Friday, data from gas system operatorGassco showed. Supplies to Britain rose by 20 mcm/day, mainly due to higherdeliveries into FLAGS pipeline, which transports gas fromNorwegian and British gas fields to St Fergus. Gas production capacity at the BP-operated Skarvfield remained down by over 8 mcm on Monday, and was expected tobe down by a similar volume on Tuesday. Norway has a total gas production capacity of about 350mcm/day, but it is usually lower during summer months whenmaintenance takes place. The following table shows Norwegian gas pipeline flowsmeasured in mcm/day and compared with the previous session'sdelivered volumes: Destination Real time Pvs business Change day (mcm) Britain 55 35 20 Germany & Netherlands 147 115 32 France 46 35 11 Belgium 39 29 10 Total 287 214 73 NOTE: Real-time gas export figures are based on gas fed into thesystem at a certain time and calculated as a daily average. Levels can vary throughout the day as producers adjust theamount of gas they export, according to changing nominations, ororders, from customers. Volumes for the previous business day show delivered gas. Following is a summary of spot price settlements at Europeangas trading hubs: Gas hub May 8 May 7 NBP (UK) 20.6/43.8 20.9/45.2 TTF (Netherlands) 20.3 20.2 NCG (Germany) 20.4 20.2 Gaspool (Germany) 20.4 20.2 Zeebrugge (Belgium) 20.3 20.3 Peg Nord (France) n/a 20.7 Trading Region South n/a 21.1 (France)* Oil-indexed prices** 22.19/27.97 22.19/27.97 NOTE: Prices are in euros per megawatt-hour (MWh), except forNBP (euros/MWh & p/th).* - On April 1, the Peg Sud and Peg TIGF, were replaced by acommon market area under the name Trading Region South (TRS). ** - The oil-indexed prices are in order: Point Carbon's bestestimate for Russian gas, including spot indexation and baseprice discounts, and an estimate for Russian outrightoil-indexed gas. (Reporting by Nerijus Adomaitis; editing by Susan Thomas)

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