NORWAY GAS-Deliveries to Germany rise further
* Norway's gas exports amount to 288 mcm/day
* Flows to Germany rise by 11 mcm/day
OSLO, April 16 (Reuters) - Norwegian gas exports to
continental Europe edged higher on Wednesday morning, after
rising to winter peak levels the previous day, as the market
remained concerned about the risk of Russia cutting supplies via
Ukraine.
Deliveries to Britain were steady, with flows through the
Langeled pipeline running at a rate of 22 million cubic metres
(mcm) per day.
Ukrainian forces launched a "special operation" on Tuesday
against separatist militia in its Russian-speaking eastern
region, prompting Russian President Vladimir Putin to warn of
the risk of civil war.
Russia supplies 30 percent of Europe's gas needs, and about
half of it flows via Ukraine.
Germany's RWE (Xetra: RWE.DE - news) said on Tuesday it began deliveries
of natural gas to Ukraine via Poland on Tuesday, including gas
from Russia, the European Union and Norway.
A planned gas field shutdown due to preparations to drill a
new well is expected to cut Norwegian gas output by 24 mcm per
day on April 19-21, Gassco said.
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 49 49 0
Germany & Netherlands 149 138 11
France 49 45 4
Belgium 41 44 -3
Total (NYSE: TOT - news) 288 276 12
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 15 April 14
NBP (UK) 21.7/52.6 22.0/53.2
TTF (Netherlands) 21.7 21.7
NCG (Shenzhen: 300336.SZ - news) (Germany) 22.3 22.4
Gaspool (Germany) 22.0 22.2
Zeebrugge (Belgium) 21.7 22.0
Peg Nord (France) 22.3 22.5
Peg Sud (France) 24.0 24.5
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)