Traders are focused on securing supplies to refill the region’s depleted storage sites, while attention is also on geopolitical developments around US tariffs and the so far stalled efforts to end Russia’s war in Ukraine.
European natural gas prices rose as flows from top supplier Norway plunged amid a fresh bout of planned maintenance and concerns over storage refills for the winter continued to mount.
Benchmark futures gained as much as 2.5% on Thursday as the Kollsnes gas processing plant in Norway began its seasonal works. The Nordic nation accounted for about a third of the European Union’s imports last year.
