OSLO, Jan 28 (Reuters) - Norwegian pipeline gas exports
edged higher on Monday morning as a drop in flows to France and
Belgium was more than offset by a rise to Germany and Britain,
data from gas system operator Gassco showed.
Total supplies to Europe including Britain were at 312.3
million cubic metres (mcm) per day as of 0715 GMT, compared with
an average of 309.4 mcm the previous day.
Flows to Britain, Europe's most traded gas market, gained by
4.9 mcm to 110.2 mcm, while combined supplies to the Netherlands
and Germany firmed by 5.4 mcm to 122.3 mcm.
Supplies to France slipped by 2.9 mcm to 45.2 mcm, and those
to Belgium edged lower by 4.5 mcm to 34.6 mcm.
The export figures are based on gas fed into the system at a
certain point in time and calculated to a daily average.
Volumes can change throughout the day as producers adjust
the amount of gas they pump into the system.
Output from Statoil-operated Norway's biggest gas
field, Troll, was expected to be reduced by 35 mcm per day until
April, due to the need to repair a compressor on Troll A
platform, Gassco said on Friday.
'Lower production is likely to lead to less gas to the UK as
deliveries to Britain are the residual between production and
continental Europe's take,' a gas analyst at Thomson Reuters
Point Carbon said.
This effect could be felt less if warmer weather reduces
demand in the continental Europe, the analyst added.
Troll field produced 31.8 billion cubic metres of gas in
2012, while the country's production totalled 107.6 bcm the same
year, according to Point Carbon.
Norway is the second-biggest gas supplier to Europe after
Following is a summary of spot price settlements at European
gas trading hubs:
Gas hub Jan 24 Jan 25
NBP 27.0/67.0 26.8/66.8
TTF 25.9 26.1
NCG 26.6 26.5
Gaspool 26.7 26.5
Zeebrugge 26.4 26.2
Peg Nord 27.2 26.8
Peg Sud 27.7 28.0
Oil-indexed price 37.5/89.5 37.5/89.5
NOTE: Prices are in euros per megawatt-hours, 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
All European gas news
UK natural gas prices
National Grid instant flows
National Grid gas demand
North Sea gas and power maintenance
(Reporting by Nerijus Adomaitis; editing by Jason Neely)
Keywords: NORWAY GAS/
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