NORWAY GAS-Flows to Europe steady

* Norwegian pipeline gas exports total 343 mcm/day

* Export capacity reduced by 14 mcm/day due to outages

OSLO, March 5 (Reuters) - Norwegian exports of natural gas

to Europe were steady early on Thursday compared to the previous

day's average as a small drop to Britain was offset by an

increase to Germany, data from gas system operator Gassco

showed.

Pipeline flows from Norway to Europe were running at 343

million cubic metres (mcm) per day, off this winter's peak of

357 mcm hit on Feb. 12.

Norway's output was reduced by 14 mcm/day due to several

field outages, including a new one affecting flows to the FLAGS

pipeline, which delivers gas to St Fergus terminal in

Britain.

The following table shows Norwegian pipeline gas flows,

measured in mcm/day, compared with the previous session's

average:

Destination Real time Pvs business Change

day (mcm)

Britain 95 99 -4

Germany & Netherlands 151 145 6

France 54 55 -1

Belgium 43 43 0

Total (Swiss: FP.SW - news) 343 342 1

NOTE: 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 show delivered gas.

Following is a summary of spot price settlements at European

gas trading hubs:

Gas hub March 4 March 3

NBP (UK) 22.8/48.5 22.5/48.0

TTF (Netherlands) 22.4 22.2

NCG (Germany) 22.4 22.4

Gaspool (Germany) 22.4 22.4

Zeebrugge (Belgium) 22.3 21.8

Peg Nord (France) 23.0 22.7

Peg Sud (France) 23.1 23.0

Oil-indexed prices* 24.42/30.44 24.42/30.44

NOTE: Prices are in euros per megawatt-hour (MWh), 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 for March are in

order: Point Carbon's best estimate for Russian gas, including

spot indexation and base price discounts, and for Russian

outright oil-indexed gas.

(Reporting by Nerijus Adomaitis; editing by Jason Neely)