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NORWAY GAS-Flows to Britain fall on new Norwegian outages

Wed, 04th Feb 2015 10:20

* Norwegian gas exports total 336 mcm/day * Flows to Britain fall by 14 mcm/day OSLO, Feb 4 (Reuters) - Norway's natural gas exports toBritain fell on Wednesday as new outages kept the country'sproduction below maximum levels and more gas was being reroutedto the continental Europe, data from gas system operator showed. Outages at Norway's Asgard and Troll fields added to ongoingmaintenance shutdowns affecting Sleipner and Entry Segal on theNorwegian Continental Shelf, tightening supplies into Britain. The two new outages were expected to reduce Norway's gasproduction capacity by 12 mcm/day on Wednesday. Flows through the Langeled pipeline, UK's main subsea gasimport route, were 8 mcm down on the day to 61 mcm/day. Total Norwegian gas flows were running at a rate of 336mcm/day by 1000 GMT compared with a full capacity of around 350mcm/day. The following table shows Norwegian pipeline gas flows,measured by mcm/day, compared with the previous session'saverage: Destination Real time Pvs session Change average (mcm) Britain 102 116 -14 Germany & Netherlands 137 112 25 France 53 54 -1 Belgium 44 43 1 Total 336 325 11 NOTE: Pipeline 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. Following is a summary of spot price settlements at Europeangas trading hubs: Gas hub Feb 3 Feb 2 NBP (UK) 21.6/48.0 21.9/48.3 TTF (Netherlands) 21.0 21.0 NCG (Germany) 21.1 21.4 Gaspool (Germany) 21.1 21.1 Zeebrugge (Belgium) 20.8 21.2 Peg Nord (France) 21.5 21.9 Peg Sud (France) 21.6 21.9 Oil-indexed prices* 27.04/28.52/31.69 27.04/28.52/31.69 NOTE: Prices are in euros per megawatt-hour (MWh), except forNBP (euros/MWh & p/th). The oil-indexed price for Russian gas isan estimate by Thomson Reuters Point Carbon. * The oil-indexed prices mentioned above are in order:Russia spot-indexed gas/Russian oil-linked discountedgas/Russian outright oil-indexed gas. (Reporting by Nerijus Adomaitis; editing by Jason Neely)

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