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NORWAY GAS-Flows to Europe steady

Thu, 12th Nov 2015 07:54

* Pipeline gas flows to Europe at 343 mcm/day * British day-ahead gas prices lowest since April 2010 OSLO, Nov 12 (Reuters) - Norwegian pipeline gas flows toEurope were broadly steady on Thursday morning, with a smalldrop to Britain offset by a rise to Germany, data from gassystem operator Gassco showed. Gas flows to Europe were running at 343 million cubic metres(mcm) per day by around 0715 GMT, compared with 342 mcmdelivered on Wednesday. Norway has total pipeline gas production capacity of about350 mcm per day. British day-ahead gas prices closed on Wednesday at 33.40pence per therm, the lowest since April 2010 due to healthysupply of pipeline gas and LNG. 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 100 102 -2 Germany & Netherlands 147 145 2 France 54 53 1 Belgium 42 42 0 Total 343 342 1 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 Nov 12 Nov 11 NBP (UK) 16.13/33.40 16.45/34.20 TTF (Netherlands) 16.35 16.63 NCG (Germany) 16.73 17.08 Gaspool (Germany) 17.00 17.00 Zeebrugge (Belgium) 16.37 16.40 Peg Nord (France) 16.84 17.06 Trading Region South 17.27 17.25 (France) Oil-indexed prices* 20.70/25.18 20.70/25.18 NOTE: Prices are in euros per megawatt-hour (MWh), except forNBP (euros/MWh & p/th). * - The oil-indexed prices are in order: Point Carbon's bestestimate for Russian gas, including spot indexation and baseprice discounts, and an estimate for Russian outrightoil-indexed gas. (Reporting by Nerijus Adomaitis; Editing by Mark Potter)

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