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Gas Prices in Europe: Recent Fluctuations and Potential Impacts on Availability

In addition, according to the Norwegian network operator Gassco, there are additional activities on other gas fields. It is not known how long the work will take. Gas from Norway enters the Netherlands and Belgium via pipelines under the sea.

On Monday morning, gas prices on the leading gas exchange in Amsterdam rose by more than 4 percent. Later on, the price increase weakened somewhat. Last Friday, gas already became 9 percent more expensive.

Gas prices had fallen somewhat on Wednesday and Thursday last week, because strikes at energy companies in Australia seemed to be elusive. Any strikes at suppliers of liquefied natural gas (LNG) in Australia could have a major impact on the availability of gas in Europe. On Monday, employees of energy group Chevron will vote on a strike. At another company, Woodside Energy Group, strikes have been avoided by a deal with employees.

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2023-08-28 09:45:43
#Gas #prices #rise #due #maintenance #gas #field #Norway

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