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NORWAY GAS-Flows fall to Britain, rise to France

Fri, 07th Jun 2013 08:38

* Norway gas exports total 266 mcm/d * Deliveries to UK down to 62 mcm/d OSLO, June 7 (Reuters) - Norwegian pipeline gas exports fellon Friday morning, mainly due to a drop in flows to Britain,while France saw a slight increase, data from gas systemoperator Gassco showed. Deliveries to Europe including Britain were down to 266million cubic metres (mcm) by 0725 GMT versus an average of 273mcm on Thursday. Supplies to Britain, Europe's biggest traded market, droppedby 14 mcm to 62 mcm, with flows through the 72 mcm capacityLangeled pipeline running at a rate of 24 mcm per day. Exports to France rose 5 mcm as more gas was rerouted fromthe UK, while combined supplies to Germany and the Netherlandswere steady at 113 mcm. Deliveries to Belgium were also stable at 41 mcm. Production capacity on the Norwegian continental shelf isrestricted by 54 mcm per day until July 12 due to ongoingmaintenance at Troll field, analysts at Point Carbon, a ThomsonReuters company said. Also, flows through the Norpipe pipeline to Germany are shutuntil June 24. Norway's export figures are based on gas fed into the systemat a certain time and calculated to a daily average. Volumes canvary throughout the day as producers adjust the amount of gasthey pump. Following is a summary of spot price settlements at Europeangas trading hubs: Gas hub June 5 June 6 NBP 25.0/62.3 24.3/60.5 TTF 26.4 26.1 NCG 26.6 26.5 Gaspool 26.6 26.5 Zeebrugge 25.6 25.0 Peg Nord 26.6 25.9 Peg Sud 30.8 28.8 Oil-indexed price 37.26/92.18 36.69/91.78 NOTE: Prices are in euros per megawatt-hour, except for NBP andoil-indexed prices, which are also given in pence per therm. The oil-indexed price is a monthly estimate by Thomson ReutersPoint Carbon and can vary due to day-to-day currencyfluctuations. (Reporting by Nerijus Adomaitis; Editing by Mark Potter)

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