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NORWAY GAS-Flows firm to Britain, Germany

Thu, 27th Mar 2014 10:16

* Norway gas exports at 318 mcm/day * Langeled flows to UK at 58 mcm/day OSLO, March 27 (Reuters) - Gas exports from Norway, Europe'ssecond-biggest supplier, rose on Thursday from the previousday's average on higher flows to Britain and Germany, data fromgas system operator Gassco showed. Supplies through the Langeled pipeline, UK's main subsea gasimport route, rose to 58 million cubic metres (mcm) per day from47 mcm on Wednesday, but were below its full capacity of 72 mcm. Langeled flows were expected to increase for Friday and theweekend, but to fall again from April 1, when winter heatingseason ends, analysts at Thomson Reuters Point Carbon said. The following table shows Norwegian pipeline gas flowsmeasured in mcm/day compared with the previous day's closinglevel: Destination Real time Pvs session Change (mcm) Britain 88 79 9 Germany & Netherlands 136 131 5 France 49 49 0 Belgium 45 45 0 Total 318 304 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 March 26 March 25 NBP (UK) 22.4/54.7 22.5/55.1 TTF (Netherlands) 22.5 22.2 NCG (Germany) 22.5 22.5 Gaspool (Germany) 22.6 22.6 Zeebrugge (Belgium) 22.4 22.5 Peg Nord (France) 22.6 22.6 Peg Sud (France) 25.3 24.1 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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