Directional impact on forecast:
Bullish for European hub prices
There is little prospect of gains in Norwegian gas production this year or next, and a decline in supplies to Europe could be seen in 2019. The lack of growth in flows from Norway is expected to help provide a floor to European hub prices this year.
Norway’s production is forecast to be flat on an annual basis in 2019, with a marginal increase of less than 1 billion cubic metres in 2020, according to...