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NORWAY GAS-Exports fall to UK, rise to Germany
January 9, 2013 / 9:11 AM / 5 years ago

NORWAY GAS-Exports fall to UK, rise to Germany

* Gas exports total 324 mcm/day
    * UK flows drop below 90 mcm/day

    OSLO, Jan 9 (Reuters) - Norwegian pipeline gas exports fell
on Wednesday morning led by a drop to Britain which offset gains
to Germany, data from gas system operator Gassco showed.
    Total supplies to Europe including Britain were at 324
million cubic metres (mcm) per day as of 0700 GMT compared with
a daily average of 330 mcm the previous day.
    Flows to Britain, Europe's most traded gas market, fell by
10 mcm to 89 mcm, while combined supplies to the Netherlands and
Germany rose by 5 mcm to 141 mcm.
    The drop to Britain came mostly due to lower deliveries
through the Langeled pipeline, the country's main subsea gas
import route. 
    Flows through Langeled were down to 58 mcm compared with its
72 mcm capacity while deliveries to the UK through the Vesterled
pipeline were halved from Sunday's average of 22 mcm.
    Exports to France and Belgium remained steady at 53 mcm and
41 mcm respectively.
    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.
    Norway is the second-biggest gas supplier to Europe after
Russia.
    Following is a summary of spot price settlements at European
gas trading hubs:   
 Gas hub             Jan 7                 Jan 8
 NBP                 27.5/65.6             27.5/65.6    
 TTF                 27.0                  27.1   
 NCG                 27.3                  27.5
 Gaspool             27.5                  27.5
 Zeebrugge           27.3                  27.1
 Peg Nord            27.8                  27.9
 Peg Sud             28.0                  28.4
 Oil-indexed price   37.5/89.4             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
fluctuations.

All European gas news             
UK natural gas prices 
National Grid instant flows 
National Grid gas demand 
North Sea gas and power maintenance

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