NORWAY GAS-Exports surge as Norway ramps up output after outages
* Exports to Europe total 287 mcm/day
* Flows to Britain rise by 20 mcm/day
OSLO, May 11 (Reuters) - Norwegian gas exports to Europe
surged on Monday from last Friday as production ramped up after
several gas field outages ended over the weekend, including at
the country's biggest gas field Troll.
Total (Swiss: FP.SW - news) pipeline gas flows were running at a rate of 287
million cubic metres (mcm) per day by 0900 GMT, 73 mcm up from
volumes delivered on Friday, data from gas system operator
Gassco showed.
Supplies to Britain rose by 20 mcm/day, mainly due to higher
deliveries into FLAGS pipeline, which transports gas from
Norwegian and British gas fields to St Fergus.
Gas production capacity at the BP-operated Skarv
field remained down by over 8 mcm on Monday, and was expected to
be down by a similar volume on Tuesday.
Norway has a total gas production capacity of about 350
mcm/day, but it is usually lower during summer months when
maintenance takes place.
The following table shows Norwegian gas pipeline flows
measured in mcm/day and compared with the previous session's
delivered volumes:
Destination Real time Pvs business Change
day (mcm)
Britain 55 35 20
Germany & Netherlands 147 115 32
France 46 35 11
Belgium 39 29 10
Total 287 214 73
NOTE (Stockholm: NOTE.ST - news) : Real-time 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.
Volumes for the previous business day show delivered gas.
Following is a summary of spot price settlements at European
gas trading hubs:
Gas hub May 8 May 7
NBP (Shanghai: 601018.SS - news) (UK) 20.6/43.8 20.9/45.2
TTF (Netherlands) 20.3 20.2
NCG (Shenzhen: 300336.SZ - news) (Germany) 20.4 20.2
Gaspool (Germany) 20.4 20.2
Zeebrugge (Belgium) 20.3 20.3
Peg Nord (France) n/a 20.7
Trading Region South n/a 21.1
(France)*
Oil-indexed prices** 22.19/27.97 22.19/27.97
NOTE: Prices are in euros per megawatt-hour (MWh), except for
NBP (euros/MWh & p/th).
* - On April 1, the Peg Sud and Peg TIGF, were replaced by a
common market area under the name Trading Region South (TRS (Shenzhen: 300229.SZ - news) ).
** - The oil-indexed prices are in order: Point Carbon's best
estimate for Russian gas, including spot indexation and base
price discounts, and an estimate for Russian outright
oil-indexed gas.
(Reporting by Nerijus Adomaitis; editing by Susan Thomas)