# Norwegian Natural Gas Maintenance Has European Market on Edge

> Norway announced additional capacity cuts at its Kollsnes gas processing plant during a three-week stretch of planned and unplanned maintenance. Gas volumes to Europe fall by more than 120 MMcm/d, about a third of average flows. European storage is about 92% full, but Norway's role as the continent's top supplier leaves the market on edge.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: logistics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/28996-norwegian-natural-gas-maintenance-has-european-market-on-edge
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Reduced Norwegian pipeline flows tighten European supply and keep TTF prices near $13/mmBtu. Higher European gas costs raise nitrogen fertilizer prices and the cost of European feed processing.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-06-27 | [Norwegian Outages Test European Natural Gas Market, Renew Supply Concerns](https://feedsoft.ai/events/35688-norwegian-outages-test-european-natural-gas-market-renew-supply-concerns.md) | -4.1% | -0.3% |
| NATGAS | 2023-09-25 | [European Natural Gas Prices Rally on Extended Norwegian Supply Outages – LNG Recap](https://feedsoft.ai/events/34286-european-natural-gas-prices-rally-on-extended-norwegian-supply-outages-lng-recap.md) | +6.4% | +4.3% |
| NATGAS | 2023-06-23 | [Shell resumes maintenance at key Norway gas terminal](https://feedsoft.ai/events/35686-shell-resumes-maintenance-at-key-norway-gas-terminal.md) | +4.6% | +9.4% |
| NATGAS | 2024-06-03 | [Norway outage pushes European gas prices to highest this year](https://feedsoft.ai/events/7809-norway-outage-pushes-european-gas-prices-to-highest-this-year.md) | +24.9% | +9.1% |
| NATGAS | 2023-03-27 | [Strikes in France Push European Natural Gas Prices Higher, but Demand Seen Weakening – LNG Recap](https://feedsoft.ai/events/37029-strikes-in-france-push-european-natural-gas-prices-higher-but-demand-seen.md) | +1.5% | +4.9% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/norwegian-natural-gas-maintenance-has-european-market-on-edge/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.