Supply & Demand

Norwegian maintenance to support NBP prices

Maintenance work at Norwegian infrastructure will support the NBP day-ahead as temperatures cool and demand rises Maintenance work at Norwegian infrastructure will support the NBP day-ahead as temperatures cool and demand rises.
By Catriona Scott 30 August 2017 0 27390
Unplanned outages at Kvitebjørn field have caused a reduction in flows from Norway. (Harald Pettersen/Statoil)

Directional impact on forecast:
Bullish for NBP prices

Ongoing infrastructure issues in Norway have been supporting NBP prices, and Norwegian maintenance could continue to provide support in September.

Unplanned outages hit flows from Norway this month, supporting the NBP day-ahead. The price averaged around 42 p/th during August compared with 36 p/th in July.

The most recent reductions in flows were caused by unplanned outages at the Kvitebjørn field, the SEGAL pipeline system and the Nyhamna processing plant. While the issues at Kvitebjørn and SEGAL have been resolved, the Nyhamna...