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2024

Europe's Gas Supply Tightens as Norway Begins Field Maintenance

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Europe is facing a tighter gas market as Norwegian field operators enter scheduled maintenance season. Any unplanned extension of the maintenance period would cause an imbalance on gas markets on the continent and leas to price rises, Bloomberg reported. “Europe is already struggling,” Florence Schmit, a European energy strategist at Rabobank, told the publication. “Any deviation to the planned maintenance season can cause significant fluctuations in gas availability and in turn market prices, especially this year.” Norway…