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Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc
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NORWAY GAS-Flows rise as Ormen Lange ramps-up production

Tue, 04th Jun 2013 08:40

* Norway gas exports total 258 mcm/d * Deliveries to UK rise to 66 mcm/d * Ormen Lange field ramps-up production OSLO, June 4 (Reuters) - Norwegian pipeline gas exports roseon Tuesday morning to all its markets, with Germany and Britainseeing the biggest increase as the Ormen Lange field wasramping-up production. Deliveries to Europe including Britain were up to 258million cubic metres (mcm) by 0800 GMT versus an average of 232mcm on Monday. Combined exports to Germany rose by 12 mcm to 110 mcm, whilesupplies to Britain, Europe's biggest traded market, gained by 8mcm to 66 mcm, mostly due to larger flows through the Langeledpipeline. Production from Royal Dutch Shell's Ormen Langefield offshore Norway, which feeds the 72 mcm capacity Langeledpipeline, is expected to be back to normal on Thursday after itwas reduced due to maintenance on May 23. Deliveries to Belgium firmed by 4 mcm to 40 mcm on Tuesday,while those to France inched up by 2 mcm to 42 mcm. 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 May 31 June 3 NBP 26.5/66.4 25.5/63.8 TTF 27.0 26.8 NCG 27.0 27.0 Gaspool 27.0 26.9 Zeebrugge 26.6 25.8 Peg Nord 27.1 27.0 Peg Sud 32.1 29.9 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 Keiron Henderson)

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