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Norwegian Gas Outages Add to European Gas Pressure

NATURAL GAS

A 9mcm/d unplanned outage at Norway’s Kvitebjorn (expected until start of 27-Aug GD), adding to the 20mcm/d Troll planned works (that run to start of 31-Aug GD). Troll also has an extra 5mcm/d off for 48 hours. So all in net, 34mcm/d out according to ICIS.

  • Adds to the pressure on EU gas prices which have been soaring on Friday’s news of upcoming Nord Stream 1 maintenance.
  • TTF SEP 22 prices +15% this morning at $282 €/MWh

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