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NORWAY GAS-More to Germany, less to Britain

Wed, 26th Nov 2014 10:54

* Norwegian pipeline gas exports at 311 mcm/d * Aasgard outage to cut output by 9 mcm/day on Weds OSLO, Nov 26 (Reuters) - Norway's gas exports rose slightly on Wednesdaymorning compared to the previous day average on higher flows to Germany, datafrom gas system operator Gassco showed. Deliveries via Langeled pipeline, Britain's main subsea gas import routewere down by around 5 million cubic metres (mcm) per day compared to flows onTuesday morning. An outage at Statoil's Aasgard field was expected to reduce gasproduction capacity by 9 mcm/day on Wednesday, less than 11.3 mcm/day theprevious day. On a daily average basis, which includes an impact from Aaasgard's outage,the Langeled flows were expected to be up by 4 mcm/day on Wednesday, Gassco'sdata showed. 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 92 93 -1 Germany & Netherlands 135 124 11 France 41 46 -5 Belgium 42 42 0 Total 310 305 5 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 25 Nov 24 NBP (UK) 25.7/59.8 24.0/56.5 TTF (Netherlands) 25.0 24.0 NCG (Germany) 25.0 23.9 Gaspool (Germany) 24.9 24.0 Zeebrugge (Belgium) 24.8 23.5 Peg Nord (France) 24.8 24.0 Peg Sud (France) 24.8 24.0 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)

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