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NORWAY GAS-flows to Europe steady

Thu, 20th Mar 2014 08:07

* Norway gas exports at 320 mcm/day * Langeled flows to UK at 72 mcm/day OSLO, March 20 (Reuters) - Gas flows from Norway, Europe'ssecond-biggest supplier after Russia, were broadly steady onThursday morning compared to the previous day's average, datafrom gas system operator Gassco showed. Supplies through the Langeled pipeline, UK's main subsea gasimport route, which were running at a full capacity and causingoversupply in Britain, might decrease from April as the marketmoves into summer season, analysts at Thomson Reuters PointCarbon said. The following table shows Norwegian pipeline gas flowsmeasured in mcm/day compared with the previous day's closingamount: Destination Real time Pvs session Change (mcm) Britain 105 102 3 Germany & Netherlands 126 126 0 France 44 45 -1 Belgium 45 49 -4 Total 320 322 -2 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 March 19 March 18 NBP (UK) 23.0/56.4 23.2/57.0 TTF (Netherlands) 22.5 22.6 NCG (Germany) 22.6 22.9 Gaspool (Germany) 22.4 23.0 Zeebrugge (Belgium) 22.6 22.8 Peg Nord (France) 22.6 22.9 Peg Sud (France) 23.6 25.3 Oil-indexed prices* 29.46/30.97/34.41 29.46/30.97/34.41 NOTE: Prices are in euros per megawatt-hour, except for NBP(euros/MWh & p/th). The oil-indexed price for Russian gas is anestimate 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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