Gas: Outages in Norway boost the market – ING
Source Fxstreet
European natural Gas prices had a strong day yesterday, with the Title Transfer Facility (TTF) settling almost 5% higher, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Asian LNG prices trade mostly at a premium to European Gas prices
"Outages from Norway, a key supplier to the EU, boosted the market. An unplanned outage at the Kollsnes processing plant has been a concern; its duration remains uncertain. Meanwhile, seasonal maintenance is scheduled this week at some Norwegian fields and facilities."
"Gas Infrastructure Europe data shows that LNG send-outs in recent days hit their lowest level since February. Asian LNG prices have been trading mostly at a premium to European Gas prices in recent months. This helps explain the lower LNG send-outs."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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