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NORWAY GAS-Flows to Germany rise, Britain steady

Mon, 02nd Feb 2015 11:51

* Norwegian gas exports total 301 mcm/day * Flows to Britain subdued by outage OSLO, Feb 2 (Reuters) - Norway's natural gas exports toEurope rose on Monday on higher deliveries to Germany, whileflows to Britain held steady from Friday, data from gas systemoperator Gassco showed. Flows to Britain, Europe's biggest traded gas market, wererunning at 84 million cubic metres (mcm) a day by 1115 GMT, thesame as last Friday, but down from 101 mcm/day a week ago. Deliveries to Britain had fallen due to cold weatherboosting gas demand in continental Europe, while output from theKollsnes gas-processing plant remained reduced due to an outage,analysts at Thomson Reuters Point Carbon said. Production capacity at the plant, which processes gas fromNorway's biggest gas field, Troll, was expected to be cut by34.5 mcm/day on Monday, Gassco said. 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 84 84 0 Germany & Netherlands 124 115 9 France 51 47 4 Belgium 42 41 1 Total 301 287 14 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 Jan 30 Jan 29 NBP (UK) 21.9/48.0 21.8/48.0 TTF (Netherlands) 20.2 20.6 NCG (Germany) 20.7 21.0 Gaspool (Germany) 20.7 21.2 Zeebrugge (Belgium) 21.2 21.2 Peg Nord (France) 21.4 21.2 Peg Sud (France) 21.5 21.3 Oil-indexed prices* 27.81/29.35/32.61 27.81/29.35/32.61 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 Dale Hudson)

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