How a Crack in a Pipe Caused Panic in Europe’s Gas Market
- European prices surged after outage at key gas transit point
- Safety precautions are central to operations in Norway
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Urgent repairs to a pipe on a gas platform in Norway are underway but the event served as a grim reminder that small outages can send European prices soaring.
Helicopters carrying equipment and engineers have arrived at the Sleipner platform 250 kilometers (160 miles) off the coast of Norway to repair a small crack in a pipeline that’s the width of golf ball. The field’s riser platform is a key connection point in Europe’s gas network.