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NORWAY GAS-Ukraine worries boost demand in March, April

Reuters - UK Focus

* Flows from Norway at daily average of 220 mcm/day

* Flows higher than average of 196 mcm/day in Dec-Feb

OSLO, April 7 (Reuters) - Norwegian gas exports to Britain were down sharply on Monday morning from Friday's average as gas flows were redirected to Germany, data from gas system operator Gassco showed.

Deliveries to the continental Europe rose in March and remained high through April, at a daily average of 220 million cubic metres (mcm) per day, up from an average of 196 mcm seen from December through February, analysts at Thomson Reuters (Frankfurt: TOC.F - news) Point Carbon said.

Demand for Norwegian gas rose amid concerns that Russia could cut supplies via Ukraine after Moscow seized and annexed Ukraine's Crimea region.

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Gazprom (MCX: GAZP.ME - news) also nearly doubled the price of its gas for Ukraine, forcing Kiev to enter into emergency talks with European neighbours to boost cheaper imports from the West.

The following table shows Norwegian pipeline gas flows measured in mcm/day compared with the previous day's closing level: Destination Real time Pvs session Change

(mcm) Britain 39 58 -19 Germany & Netherlands 142 127 15 France 45 43 2 Belgium 43 42 1 Total (NYSE: TOT - news) 269 270 -1 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 4 April 3 NBP (UK) 20.0/48.5 20.0/48.5 TTF (Netherlands) 19.7 19.3 NCG (Shenzhen: 300336.SZ - news) (Germany) 19.8 19.8 Gaspool (Germany) 20.3 20.2 Zeebrugge (Belgium) 19.8 20.0 Peg Nord (France) 20.3 20.4 Peg Sud (France) 23.2 21.6 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 Jason Neely)