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NORWAY GAS-Flows rise to Britain

Mon, 24th Nov 2014 07:43

* Norwegian pipeline gas exports at 320 mcm/d * Langeled flows to Britain rise to 70 mcm/day OSLO, Nov 24 (Reuters) - Norway was pumping more natural gasto Britain on Monday morning compared with last Friday as anoutage affecting BP's Skarv field proved to have lessimpact than expected. Flows through the Langeled pipeline, Britain's main subseagas import route, were running at 70 million cubic metres (mcm)per day by around 0700 GMT, close to its full capacity of 72mcm/day. The Skarv outage is expected to reduce gas productioncapacity by 5.9 mcm/day until Nov. 25, down from an estimate of10.9 mcm/day on Friday, Gassco said on its website on Monday. The following table shows Norwegian pipeline gas flows,measured in mcm/day, compared with the previous session'saverage: Destination Real time Pvs session Change average (mcm) Britain 100 94 6 Germany & Netherlands 130 133 -3 France 49 49 0 Belgium 41 41 0 Total 320 317 3 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 Nov 21 Nov 20 NBP (UK) 24.2/56.1 23.9/55.9 TTF (Netherlands) 23.2 23.4 NCG (Germany) 23.2 23.5 Gaspool (Germany) 23.2 23.5 Zeebrugge (Belgium) 23.3 23.2 Peg Nord (France) 23.1 23.4 Peg Sud (France) 23.1 23.4 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 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 Jason Neely)

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