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NORWAY GAS-Flows to Britain rise strongly

Wed, 05th Jun 2013 07:50

* Norway gas exports total 279 mcm/d * Deliveries to UK rise to 80 mcm/d OSLO, June 5 (Reuters) - Norwegian pipeline gas exportssurged further on Wednesday morning, with Britain taking most ofthe additional gas, data from gas system operator Gassco said. Deliveries to Europe including Britain were up to 279million cubic metres (mcm) by 0655 GMT versus an average of 251mcm on Tuesday. Supplies to Britain, Europe's biggest traded market, rose by21 mcm to 80 mcm, with flows through the 72 mcm capacityLangeled pipeline running at a rate of 47 mcm per day. The increase came as Royal Dutch Shell's OrmenLange field, which feeds the Langeled pipeline, ramped-upproduction after maintenance. The field is expected to be backto normal production on Thursday. Combined exports to Germany and the Netherlands firmed by 6mcm to 111 mcm, while those to Belgium and France were steady at41 mcm and 47 mcm respectively. Norway's export figures are based on gas fed into the systemat a certain time and calculated to a daily average. Volumes canvary throughout the day as producers adjust the amount of gasthey pump. Following is a summary of spot price settlements at Europeangas trading hubs: Gas hub June 3 June 4 NBP 25.5/63.8 25.1/63.0 TTF 26.8 26.5 NCG 27.0 26.8 Gaspool 26.9 26.7 Zeebrugge 25.8 25.6 Peg Nord 27.0 26.5 Peg Sud 29.9 30.4 Oil-indexed price 37.26/92.18 36.69/91.78 NOTE: Prices are in euros per megawatt-hour, except for NBP andoil-indexed prices, which are also given in pence per therm. The oil-indexed price is a monthly estimate by Thomson ReutersPoint Carbon and can vary due to day-to-day currencyfluctuations. (Reporting by Nerijus Adomaitis; editing by Keiron Henderson)

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