# Europe’s Fragile Gas Market Shows Risk of Crisis Redux - Bloomberg

> Bloomberg reports that a series of small outages at Norwegian gas facilities and a planned shutdown at a key Dutch production site caused large European price swings. The article says the market is fragile to any supply disruption.

- Date: 2023-06-16 · published 2023-06-16T12:00:00.000Z
- Category: logistics · region Europe · magnitude low
- Page: https://feedsoft.ai/events/35687-europe-s-fragile-gas-market-shows-risk-of-crisis-redux-bloomberg
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Thin supply headroom makes European gas prices highly sensitive to unplanned outages, which can drive sharp rallies. Those prices feed into global LNG and energy costs.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-11-15 | [Europe Natural Gas Prices Jump as Major US LNG Plant Set to Stay Offline - Bloomberg](https://feedsoft.ai/events/38856-europe-natural-gas-prices-jump-as-major-us-lng-plant-set-to-stay-offline.md) | +6.8% | +16.1% |
| NATGAS | 2017-12-12 | [After Europe's Gas Market Disasters, LNG May Come to the Rescue \| Rigzone](https://feedsoft.ai/events/67648-after-europe-s-gas-market-disasters-lng-may-come-to-the-rescue-rigzone.md) | -3.2% | +7.5% |
| 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 | 2020-12-11 | [Algeria’s LNG Supply Disruptions Add to Global Market Tightness - Bloomberg](https://feedsoft.ai/events/49818-algeria-s-lng-supply-disruptions-add-to-global-market-tightness-bloomberg.md) | +6.7% | +9.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-06-16/europe-s-gas-prices-show-market-fears-plunging-back-into-crisis

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