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    NORWAY GAS-Flows slip to Britain, steady to continent

    RELATED QUOTES

    SymbolPriceChange
    STL.OL130.50-0.70
    RDSB.L2,312.50-26.00

    * Norway gas exports total 289 mcm/day

    * Supplies to Britain slip by 4 mcm/day

    OSLO, May 22 (Reuters) - Norwegian pipeline gas exports to

    Britain slipped on Wednesday morning, while those to other

    destinations in Europe were steady, data from gas system

    operator Gassco showed.

    Deliveries to Europe including Britain were down to 289

    million cubic metres (mcm) by 0800 GMT versus an average of 293

    mcm on Tuesday.

    Supplies to Britain, Europe's biggest traded gas market,

    eased by 4 mcm to 69 mcm, with flows through the 72 mcm Langeled

    pipeline running at 38 mcm.

    Combined deliveries to Germany and the Netherlands were

    steady at 140 mcm. Exports to France and Belgium were also

    unchanged at 43 mcm and 37 mcm.

    Norwegian gas output is expected to be reduced by 54 mcm per

    day from May 23 until July 12, due to field maintenance, but

    another outage of 40 mcm per day is scheduled to end by that

    time, resulting in a net reduction of 14 mcm.

    Analysts at Point Carbon, a Thomson Reuters company, said

    both outages are likely to be related to maintenance at the

    country's biggest gas field, Troll.

    Also from May 23 until June 2, gas output from Shell (LSE: RDSB.L - news) 's

    Ormen Lange gas field could be reduced by 10 to 36 mcm

    per day due to maintenance, the analysts said.

    Norway's export figures are based on gas fed into the system

    at a certain time and calculated to a daily average. Volumes can

    vary throughout the day as producers adjust the amount of gas

    they pump.

    Following is a summary of spot price settlements at European

    gas trading hubs:

    Gas hub May 20 May 21

    NBP 27.1/67.1 27.4/68.4

    TTF 27.1 27.2

    NCG 27.4 27.5

    Gaspool 27.1 27.4

    Zeebrugge 26.7 27.1

    Peg Nord 27.4 27.5

    Peg Sud 33.7 32.9

    Oil-indexed price 37.26/92.18 37.26/92.18

    NOTE: Prices are in euros per megawatt-hour, except for NBP and

    oil-indexed prices, which are also given in pence per therm.

    The oil-indexed price is a monthly estimate by Thomson Reuters

    Point Carbon and can vary due to day-to-day currency

    fluctuations.

    (Reporting by Nerijus Adomaitis; editing by Jason Neely)