European Gas Futures Gain Amid Deeper Norwegian Supply Cuts

  • Impact at the Sleipner field expected to last until Thursday
  • Nord Stream pipeline to Europe also shut for maintenance
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European natural gas prices rose as much as 7.9% after Norway extended capacity reductions at several facilities that help bring the fuel to Europe.

Shipments from the country declined further on Tuesday, with progressively reduced supplies to both the UK’s Easington and Belgium’s Zeebrugge terminals.