NORWAY GAS-Exports rise to the highest levels since March
* Norway's pipeline gas exports total 305 mcm/day
* Langeled flows to Britain rise by 7 mcm/day
OSLO, Oct 2 (Reuters) - Natural gas exports from Norway, Europe's
second-biggest gas supplier, rose on Thursday morning to the highest levels
since March, helped by higher deliveries to Britain and Germany, data from gas
system operator Gassco showed.
Flows through the Langeled pipeline, Britain's main subsea gas import route,
were up by 7 million cubic metres (mcm) per day to 51 mcm/day.
"The increase in flows was expected as Norway is ramping up output to adjust
production to winter contracts," analysts at Thomson Reuters Point Carbon said.
The following table shows Norwegian pipeline gas flows, measured in million
cubic metres/day, compared with the previous session's average:
Destination Real time Pvs session Change
average (mc)
Britain 80 69 11
Germany & Netherlands 142 136 6
France 42 46 -4
Belgium 41 40 1
Total 305 291 14
NOTE: Pipeline gas export figures are based on gas fed into the system at a
certain time and calculated as a daily average. Levels can vary throughout the
day as producers adjust the amount of gas they export, according to changing
nominations, or orders, from customers.
Following is a summary of spot price settlements at European gas trading
hubs:
Gas hub Oct 1 Sept 30
NBP (UK) 22.6/51.6 21.6/49.3
TTF (Netherlands) 21.8 20.6
NCG (Germany) 22.4 21.5
Gaspool (Germany) 22.7 22.2
Zeebrugge (Belgium) 22.1 20.9
Peg Nord (France) 22.8 22.2
Peg Sud (France) 26.5 29.6
Oil-indexed prices* 28.63/30.17/33.52 28.31/30.29/33.66
NOTE: Prices are in euros per megawatt-hour, except for NBP (euros/MWh & p/th).
The oil-indexed price for Russian gas is an estimate by Thomson Reuters Point
Carbon.
* The oil-indexed prices mentioned above are in order: Russia spot-indexed
gas/Russian oil-linked discounted gas/Russian outright oil-indexed gas.
(Reporting by Nerijus Adomaitis; editing by Jane Baird)