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Norway gas flow to Britain resumes after repair

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CommoditiesEnergy

Reuters was first to report that Norwegian pipeline operator Gassco suffered an outage of gas exports to Britain that pushed Europe’s benchmark gas price to its highest level this year. Reuters revealed that the outage was caused by problems onboard an offshore platform, and later also broke the news when the flow of gas resumed after five days. 

Market Impact

Norway in 2022 overtook Russia as Europe’s biggest gas supplier after Moscow’s invasion of Ukraine, meeting roughly a quarter of the continent’s demand and making any outages at Norwegian fields a possible trigger for higher prices. 

Article Tags

Topics of Interest: CommoditiesEnergy

Type: Reuters Best

Sectors: Commodities & Energy

Regions: Europe

Countries: Norway

Win Types: Speed

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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