# European Natural Gas Prices Rally on Extended Norwegian Supply Outages – LNG Recap

> Dutch and UK gas benchmarks gained after flows to Sabine Pass, the largest US LNG plant, dropped about 18% in a day. Norwegian flows were gradually recovering, while UK pipeline work was taking longer than planned.

- Date: 2023-09-25 · published 2023-09-25T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/34286-european-natural-gas-prices-rally-on-extended-norwegian-supply-outages-lng-recap
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Disruptions to US LNG exports tighten European supply and raise gas costs, which feed into fertilizer and energy expenses for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2023-09-27 | 1 | +6.6% | 3.0 | Extended Norwegian outages and a drop in Sabine Pass flows lifted European gas benchmarks on 09-25, which supports global gas sentiment heading into the 09-27 move, though the link to US prices is indirect. |

## 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 | 2024-08-30 | [Norwegian Natural Gas Maintenance Has European Market on Edge](https://feedsoft.ai/events/28996-norwegian-natural-gas-maintenance-has-european-market-on-edge.md) | +9.7% | +36.3% |
| 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% |
| 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 | 2023-08-21 | [European gas prices rise on growing prospect of Australian LNG strike](https://feedsoft.ai/events/34750-european-gas-prices-rise-on-growing-prospect-of-australian-lng-strike.md) | +0.2% | +5.5% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/european-natural-gas-prices-rally-on-extended-norwegian-supply-outages-lng-recap/

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