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NORWAY GAS-Flows to Europe ease slightly

Thu, 13th Jun 2013 08:32

* Norway gas exports total 261 mcm/d * Deliveries to Britain at 63 mcm/d OSLO, June 13 (Reuters) - Norwegian pipeline gas exportsslid on Thursday morning on slightly lower flows to UK, Germanyand France, data from gas system operator Gassco showed. Deliveries to Europe including Britain were at 261 millioncubic metres (mcm) by 0730 GMT versus an average of 267 mcm onWednesday. Supplies to Britain, Europe's biggest traded market, easedby 2 mcm to 63 mcm, with flows through the 72 mcm capacityLangeled pipeline running at a rate of 26 mcm per day. Flows to the UK through the Vesterled pipeline were down to13 mcm, and were in line with lower production at the Oseberggas field, analysts at Thomson Reuters Point Carbon said. Combined supplies to Germany and the Netherlands, as well asto France slipped by 2 mcm each to 111 mcm and 46 mcmrespectively. Exports to Belgium were stable at 41 mcm. Flows through the Norpipe pipeline to Germany are expectedto be shut until June 24 due to maintenance, and works atNorway's biggest gas field, Troll, have reduced the capacity by54 mcm per day. 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 11 June 12 NBP 23.8/59.3 24.7/61.5 TTF 26.2 26.3 NCG 26.5 26.5 Gaspool 26.5 26.5 Zeebrugge 26.7 26.2 Peg Nord 26.6 26.6 Peg Sud 29.8 30.0 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 Jane Merriman)

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