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European Gas Prices Fluctuate as Russian Supply Fears Wane

  • At least 10 LNG cargoes are en route from the US to Europe
  • Production outages in Norway buoyed gas prices on Friday
Updated on

European natural gas prices swung between gains and losses Friday as traders weighed reduced shipments from Norway and easing concerns over further supply disruptions from Russia.

Dutch front-month gas contract hit the lowest level since the start of the war in Ukraine, before closing the day higher as Norway crimped production capacity. Gassco AS, the country’s gas network operator, said works at the Troll and Skarv fields were extended, while Oseberg had an unplanned outage.