NORWAY GAS-Flows to continent high as Germany sends gas to Ukraine
* Flows to Germany at winter season levels
* RWE (Xetra: RWE.DE - news) starts delivering gas to Ukraine via Poland
* Langeled flows to UK down to 23 mcm/day
OSLO, April 15 (Reuters) - Norwegian gas exports to
continental Europe were steady on Tuesday morning (Frankfurt: TDM.F - news) after rising
the previous day to winter levels as Germany started exporting
gas to Ukraine via Poland.
Meanwhile, deliveries to Britain fell back to the levels
seen around the beginning of April, with flows through the
Langeled pipeline running at a rate of 23 million cubic metres
(mcm) per day.
"The political situation in Ukraine remains a concern for
the market, though there has been no disruption to Russian flows
to date," said Oliver Sanderson, a gas market analyst at Thomson
Reuters Point Carbon.
Germany's RWE said on Tuesday it began deliveries
of natural gas to Ukraine via Poland on Tuesday, reverting some
Russian gas, and also including gas from the European Union and
Norway.
The following table shows Norwegian pipeline gas flows
measured in million cubic metres per day compared with the
previous day's closing level:
Destination Real time Pvs session Change(m
cm)
Britain 50 75 -25
Germany & Netherlands 141 141 0
France 45 45 0
Belgium 45 43 2
Total (NYSE: TOT - news) 281 304 -23
NOTE (Stockholm: NOTE.ST - news) : 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 April 14 April 11
NBP (UK) 22.0/53.2 21.4/52.0
TTF (Netherlands) 21.7 20.8
NCG (Shenzhen: 300336.SZ - news) (Germany) 22.4 21.5
Gaspool (Germany) 22.2 21.8
Zeebrugge (Belgium) 22.0 21.2
Peg Nord (France) 22.5 21.4
Peg Sud (France) 24.5 23.8
Oil-indexed prices* 29.24/30.97/34.41 29.46/30.97/34.41
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 Mark Potter)