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Gas-PipelineOSLO: 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 Russia.

Copyright Reuters, 2013

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