# Norwegian Outages Test European Natural Gas Market, Renew Supply Concerns

> The Nyhamna gas plant in Norway, shut since May 19, had its restart delayed after gas was found in a cooling system, and the new start-up is now planned for July 15. European gas prices rose more than 30% since early June after falling sharply earlier in the year. Other planned and unplanned Norwegian outages add to supply uncertainty.

- Date: 2023-06-27 · published 2023-06-27T12:00:00.000Z
- Category: logistics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/35688-norwegian-outages-test-european-natural-gas-market-renew-supply-concerns
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Norway is Europe's largest gas supplier, so extended outages reduce pipeline flows and keep European prices elevated. Higher gas costs raise nitrogen fertilizer and energy costs for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 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 | 2023-08-28 | [Natural Gas Prices Rise As Supply Risks Persist \| OilPrice.com](https://feedsoft.ai/events/34752-natural-gas-prices-rise-as-supply-risks-persist-oilprice-com.md) | +9.3% | +5.4% |
| NATGAS | 2022-06-14 | [LNG outage exacerbates supply woes amid Asian restocking, firm European demand](https://feedsoft.ai/events/41139-lng-outage-exacerbates-supply-woes-amid-asian-restocking-firm-european-demand.md) | -23.8% | -24.1% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/norwegian-outages-test-european-natural-gas-market-renew-supply-concerns/

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