IPFS News Link • Energy
EU NatGas Jumps Again, Up 15% As Supply Fears Driven By Extended Outages In Norway
• Zero Hedge - Tyler DurdenDutch month-ahead gas futures, Europe's benchmark, jumped as high as 14.4% to 35.50 euros a megawatt-hour in Amsterdam late in the European session. EU Natgas prices bottomed at the start of the month at around 22 euros and have since risen 54%.
Bloomberg said outages at major oil and gas facilities in Norway had been extended through mid-July and had been one of the catalysts for the surge in EU NatGas prices today.