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NORWAY GAS-Flows to Britain rise

Thu, 30th May 2013 08:39

* Norway gas exports total 269 mcm/d * Deliveries to UK rise to 48 mcm/d OSLO, May 30 (Reuters) - Norwegian pipeline gas exportsfirmed on Thursday on higher flows to Britain, which more thanoffset a slight drop in supplies to Germany and Belgium. Deliveries to Europe including Britain were up to 269million cubic metres (mcm) by 0805 GMT versus an average of 263mcm on Wednesday. Supplies to Britain, Europe's biggest traded market, firmedby 14 mcm to 48 mcm, while combined exports to Germany and theNetherlands eased by 4 mcm to 141 mcm. Flows through the Vesterled pipeline to UK remained shut dueto ongoing maintenance at a receiving terminal at St. Fergus. Flows to Belgium were also down by 3 mcm to 37 mcm, andthose to France were steady at 43 mcm. Maintenance at several gas fields on the Norwegiancontinental shelf reduced output by more than 90 mcm per daythis week. 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 28 May 29 NBP 26.8/67.2 26.9/67.4 TTF 27.0 27.1 NCG 27.0 27.1 Gaspool 27.1 27.2 Zeebrugge 26.9 27.0 Peg Nord 27.1 27.2 Peg Sud 31.8 33.0 Oil-indexed price 37.26/92.18 37.26/92.18 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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