European Gas Surges on Australia LNG Talks and Norway Outages

European natural gas extended gains as heavy maintenance in Norway adds to volatility in a market already spooked by the threat of strikes in Australia.

Benchmark futures rose as much as 9.9% after settling at a two-month high in the previous session as supply concerns intensify. Seasonal works at the giant Troll field, previously scheduled to continue past the summer season, were extended further to Oct. 16, according to Norwegian grid.