European Gas Settles Lower After Norway Supply Scare Eases
- Benchmark futures settle 4% lower after earlier gain
- No disruptions to Norwegian supplies after hoax threat
A flare stack burns at the natural gas storage facility operated by Astora GmbH & Co KG in Rehden, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
European natural gas declined following a day of wild swings amid anxiety over the safety of infrastructure that’s key to ensuring supply to the continent.
Benchmark futures settled 4% lower, after Norway’s grid operator said there was no disruption to gas transport following a hoax threat at the Ormen Lange field and Nyhamna processing facility earlier on Thursday. Output was normal, operator Shell Plc said.