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NORWAY GAS-Flows to Europe rise on higher deliveries to Britain

Thu, 10th Dec 2015 10:27

OSLO, Dec 10 (Reuters) - Norwegian gas exports tocontinental Europe rose on Thursday morning on higher deliveriesto Britain, data from gas system operator Gassco showed. Gas flows to Europe were running at 360 million cubic metres(mcm) per day by around 1010 GMT, up 10 mcm from the volumesdelivered on Wednesday. Flows rose despite Norway's gas production capacity remainedreduced by 5 mcm per day due to an unexpected outage at Visundfield that started on Monday, according to Gassco. Deliveries to Britain via Langeled pipeline rose to 69mcm/day, near its full capacity of 72 mcm/day. Britain also imports gas from Norway via the Vesterled andFLAGS pipelines. The following table shows Norwegian gas pipeline flows,measured in mcm/day, and changes from the previous session'sdelivered volumes: Destination Real time Pvs business Change day (mcm) Britain 114 107 7 Germany & Netherlands 148 146 2 France 54 53 1 Belgium 44 44 0 Total 360 350 10 NOTE: Real-time gas export figures are based on gas fed intothe system 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. Volumes for the previous business day show delivered gas. Following is a summary of spot price settlements at Europeangas trading hubs: Gas hub Dec 9 Dec 8 NBP (UK) 17.15/36.50 17.34/36.88 TTF (Netherlands) 16.65 16.75 NCG (Germany) 16.95 16.92 Gaspool (Germany) 17.00 17.00 Zeebrugge (Belgium) 16.61 16.64 Peg Nord (France) 17.48 17.26 Trading Region South 18.37 18.25 (France) Oil-indexed prices* 20.79/24.89 20.79/24.89 NOTE: Prices are in euros per megawatt-hour (MWh), except forNBP (euros/MWh & p/th). * - The oil-indexed prices are in order of Point Carbon'sbest estimate for Russian gas, including spot indexation andbase price discounts, and an estimate for Russian outrightoil-indexed gas. (Reporting by Nerijus Adomaitis; Editing by Greg Mahlich)

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