NORWAY GAS-Flows to Europe rise on higher deliveries to Britain, Germany
Feb 10 (Reuters) - Norwegian gas exports to Europe rose on Wednesday due to
increased deliveries to Britain and Germany, Norway's gas system operator Gassco
said.
Total (Other OTC: TTFNF - news) gas flows to Europe were running at 347 million cubic metres per day
(mcm/day) by 0815 GMT, up 11 mcm/day from volumes delivered on Tuesday.
Supplies to Britain were up 8 mcm/day, or 8.6 percent, while supplies to
Germany increased by 4 mcm/day.
France's Total on Monday said it started production at Britain's
Laggan-Tormore gas condensate fields off the Shetland Islands in the North Sea.
Total will deliver gas to Britain's St Fergus terminal, which restarted on
Monday after completion of maintenance at the Norwegian entry to the SEGAL
pipeline.
Meanwhile, deliveries to France fell and supplies to Belgium were steady.
The following table shows Norwegian gas pipeline flows, measured in mcm/day
and the change from the previous session's delivered volumes:
Destination Real time Pvs business Change
day (mcm)
Britain 101 93 8
Germany & Netherlands 149 145 4
France 52 53 -1
Belgium 45 45 0
Total 347 336 11
NOTE (LSE: 0GSS.L - 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 Feb 9 Feb 8
NBP (Shanghai: 601018.SS - news) (UK) 12.84/29.35 12.91/29.35
TTF (Netherlands) 12.18 12.25
NCG (Shenzhen: 300336.SZ - news) (Germany) 12.60 12.60
Gaspool (Germany) 13 12.85
Zeebrugge (Belgium) 12.22 12.18
Peg Nord (France) 12.37 12.32
Trading Region South 13.02 13.01
(France)
Oil-indexed prices* 17.89/23.19 17.89/23.19
NOTE: Prices are in euros per megawatt-hour (MWh), except for NBP (euros/MWh
& p/th).
* - The oil-indexed prices are in order of Thomson Reuters (Dusseldorf: TOC.DU - news) ' best estimate
for Russian gas, including spot indexation and base price discounts, and an
estimate for Russian outright oil-indexed gas.
(Reporting by Swati Verma in Bengaluru, editing by Louise Heavens)