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NORWAY GAS-Flows rise to Britain, fall to Germany

Tue, 25th Nov 2014 10:03

* Norwegian pipeline gas exports at 320 mcm/d * Aasgard outage to cut output by 11.3 mcm/day OSLO, Nov 25 (Reuters) - Norway's gas exports were steady on Tuesday morningas a rise in flows to Britain was offset by a drop to Germany, data from gassystem operator Gassco showed. Flows through the Langeled pipeline, Britain's main subsea gas import route,were running at 71 million cubic metres (mcm) per day by around 0930 GMT, closeto its full capacity. Output from Statoil's Aasgard field, which sends gas to theKaarstoe processing plant, was cut by 11.3 mcm/day on Tuesday by an unexpectedoutage. Kaarstoe delivers gas mainly to continental Europe. The following table shows Norwegian pipeline gas flows, measured by mcm/day,compared with the previous session's average: Destination Real time Pvs session Change average (mcm) Britain 105 98 7 Germany & Netherlands 125 130 -5 France 48 49 -1 Belgium 42 42 0 Total 320 319 1 NOTE: Pipeline gas export figures are based on gas fed into the system at acertain time and calculated as a daily average. Levels can vary throughout theday as producers adjust the amount of gas they export, according to changingnominations, or orders, from customers. Following is a summary of spot price settlements at European gas tradinghubs: Gas hub Nov 24 Nov 21 NBP (UK) 24.0/56.5 24.2/56.1 TTF (Netherlands) 24.0 23.2 NCG (Germany) 23.9 23.2 Gaspool (Germany) 24.0 23.2 Zeebrugge (Belgium) 23.5 23.3 Peg Nord (France) 24.0 23.1 Peg Sud (France) 24.0 23.1 Oil-indexed prices* 28.65/30.14/33.49 28.65/30.14/33.49 NOTE: Prices are in euros per megawatt-hour (MWh), except for NBP (euros/MWh &p/th). The oil-indexed price for Russian gas is an estimate by Thomson ReutersPoint Carbon. * The oil-indexed prices mentioned above are in order: Russia spot-indexedgas/Russian oil-linked discounted gas/Russian outright oil-indexed gas. (Reporting by Nerijus Adomaitis; Editing by David Goodman)

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