Global Markets

Low flows from Norway support UK prices

Problems with the SEGAL pipeline system are affecting flows from Norway, providing a floor for prices at the NBP Problems with the SEGAL pipeline system are affecting flows from Norway, providing a floor for prices at the NBP.
By Catriona Scott 5 July 2017 0 26630

The NBP day-ahead was around 37 p/th on Tuesday, having risen to nearly 39 p/th last week. Technical problems with the SEGAL pipeline system are continuing to hit flows from Norway, which is helping to tighten the market and provide a floor for prices. Other unscheduled outages have been resolved, which improved flows and put pressure on prices at the start of this week.

The outage at SEGAL started on 21 June and was initially expected to be resolved within 24 hours. However, the problem is...