NORWAY GAS-Flows to Europe rise over 300 mcm/day

Mon Oct 8, 2012 3:21am EDT

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* Kollsnes gas processing plant back to full capacity
    * More gas pumped to Britain through the Vesterled pipeline

    OSLO, Oct 8 (Reuters) - Norwegian gas exports to Europe rose
on Monday morning from the previous day as production from a
major gas processing plant has reached full capacity, gas system
operator Gassco said.
    Exports to Europe including Britain rose by 18.9 million
cubic metres (mcm) to 312.9 mcm per day by 0600 GMT compared
with the 294 mcm daily average on Sunday.
    The export figures are based on gas fed into the system at a
certain point in time and calculated to a daily average.
    Supplies to Britain, Europe's biggest traded market, gained
by 14.4 mcm to 102.2 mcm, mostly due to higher flows through the
Vesterled pipeline to the St. Fergus receiving terminal.
    Deliveries to France and Belgium rose by over 4 mcm to 40.7
mcm each, while combined flows to the Netherlands and Germany
slipped by 4.4 mcm to 129.3 mcm.
    Volumes can change throughout the day as producers adjust
the amount of gas they pump into the system.
    Norway's 145 mcm Kollsnes gas processing plant returned to
full capacity on Sunday after fixing problems with its
compressors.
    Norway is the second-biggest pipeline gas supplier to Europe
after Russia.
    Spot price settlements at European gas trading hubs:   
 Gas hub            Pvs trading session     October 5
 NBP                26.1/61.4               26.2/62.0
 TTF                25.6                    26.3
 NCG                25.6                    26.2
 Gaspool            25.6                    26.1
 Zeebrugge          25.9                    25.9
 Peg Nord           25.7                    26.3
 Peg Sud            26.0                    26.8
 Oil-indexed price  37.36/87.12             37.36/87.12
 NOTE: Prices are in euros per megawatt-hours, except for NBP and
oil-indexed prices, which are also given in pence per therm. 
Oil-indexed price is a monthly estimate by Thomson Reuters Point
Carbon.
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