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Norway Gas Maintenance Enters Peak Period

NATGAS

Norwegian annual natural gas maintenance cranks-up significantly this week, which will make TTF even more volatile on any geopolitical developments.

  • Planned Norwegian works are leading to more LNG to the UK according to ICIS.
  • Heavy Norwegian maintenance is expected for around the next three weeks while the market will watch for any delays or issues bringing capacity back online.
  • Norwegian gas volumes will be over 120 million cubic meters lower per day for about three weeks, roughly a third of its usual flows to Europe according to Bloomberg.

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