NORWAY GAS-Flows rise on higher demand in continental Europe

* Norway's pipeline gas exports total 251 mcm/day

* Flows to Germany, Belgium rise, fall to Britain

OSLO, Sept 18 (Reuters) - Norway's pipeline gas exports to Germany and

Belgium rose on Thursday from the previous day average, data from gas system

operator Gassco showed.

This was partly offset by lower supplies to Britain. Flows through the

Langeled pipeline dropped by 12 million cubic metres (mcm) per day to 20

mcm/day.

"Langeled flows dropped to the levels observed last week as a result of gas

being rerouted to the SEGAL receiving terminal at St Fergus," said Anette

Einarsen, an analyst at Thomson Reuters Point Carbon.

"In addition, customers in continental Europe were taking more gas from

Norway," she added.

Norway is the second-biggest gas supplier to Europe after Russia.

Russia's Energy Minister Alexander Novak denied on Thursday that Moscow

could cut gas exports to Europe to prevent re-export of supplies to Ukraine,

after several Eastern European countries, including Poland, complained about

lower deliveries.

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 (mcm)

Britain 47 54 -7

Germany & Netherlands 130 114 16

France 31 32 -1

Belgium 43 38 5

Total 251 238 13

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 Sept 17 Sept 16

NBP (UK) 21.3/49.2 21.4/50.0

TTF (Netherlands) 20.6 21.4

NCG (Germany) 22.0 21.8

Gaspool (Germany) 21.0 21.5

Zeebrugge (Belgium) 21.2 21.5

Peg Nord (France) 22.5 22.3

Peg Sud (France) 25.8 26.6

Oil-indexed prices* 28.31/30.29/33.66 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 Michael Urquhart)