Europe Gas Rises as Norwegian Flows Plunge Ahead of Cold Blast
- Europeans are starting to heat their homes and businesses
- China’s recovery could increase competition for LNG shipments
An electrical substation at a natural gas power plant in Muiden, Netherlands.
Photographer: Peter Boer/BloombergThis article is for subscribers only.
Natural gas prices in Europe increased as colder-than-average weather started to descend on the region while production faced headwinds.
Lower temperatures coincided with additional maintenance at facilities in Norway, as well as possibly higher competition for energy supplies with China. The Asian country on Wednesday moved away from its long-held Covid Zero approach, with traders betting that an economic recovery there might increase demand for liquefied natural gas.