Global Gas Analytics Market Insight
Unexpected outage to provide some support to the NBP12 July 2017
The NBP day-ahead has fallen over the past week, and an unexpected outage hitting Norwegian flows may provide only a short-lived boost to prices. The NBP day-ahead was down to 34 p/th on Tuesday after having been around 37.4 p/th in the middle of last week. Strong flows from Norway helped to put supply-side pressure on prices after the end of an unscheduled outage at the SEGAL pipeline system.
However, an unexpected outage at Norway’s Kollsnes processing plant occurred on Tuesday and hit flows from the country on Wednesday. This will lend supply-side support to prices, providing a boost to the NBP day-ahead. However, that support will be short-lived if the technical problems are resolved by Thursday, as is currently scheduled.
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