# Prices rise on slower Norwegian supply return

> Dutch and British wholesale gas prices rose on Thursday morning after fresh delays and rescheduling of outages at Norwegian gas infrastructure. The Dutch October contract gained 1.65 euros to 41.10 euros/MWh.

- Date: 2023-09-28 · published 2023-09-28T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/34283-prices-rise-on-slower-norwegian-supply-return
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Norwegian supply is Europe's largest gas source, so extended outages tighten European gas and can lift energy costs for feed processors and fertilizer producers reliant on gas.

## Read by commodity

- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2023-10-04 | 1 | +7.3% | 3.1 | Delays at Norwegian gas infrastructure tightened European supply and lifted gas prices days before the move, which supports a sentiment spillover to natural gas broadly. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-11-27 | [Goldman warns of likely Asia LNG price rise on European supply crunch \| Reuters](https://feedsoft.ai/events/27592-goldman-warns-of-likely-asia-lng-price-rise-on-european-supply-crunch-reuters.md) | -12.6% | +0.2% |
| NATGAS | 2021-09-28 | [U.S. natgas rise to 7-year high on record global prices](https://feedsoft.ai/events/7925-u-s-natgas-rise-to-7-year-high-on-record-global-prices.md) | +2.9% | +3.4% |
| NATGAS | 2018-08-29 | [Asian LNG prices hit highest in over two months high on tight supply \| Daily FT](https://feedsoft.ai/events/63711-asian-lng-prices-hit-highest-in-over-two-months-high-on-tight-supply-daily-ft.md) | -0.7% | +5.0% |
| NATGAS | 2022-01-05 | [Little relief in sight on fertiliser supply and price - Farmers Weekly](https://feedsoft.ai/events/4589-little-relief-in-sight-on-fertiliser-supply-and-price-farmers-weekly.md) | +12.9% | +63.0% |
| NATGAS | 2021-10-05 | [Gas price surges to a record high in Europe on supply concerns](https://feedsoft.ai/events/44766-gas-price-surges-to-a-record-high-in-europe-on-supply-concerns.md) | -6.6% | -10.0% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/commodities/prices-rise-on-slower-norwegian-supply-return-idUSL8N3B428T/

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