# UK gas prices rise in response to Norwegian LNG supply dip | LNG Industry

> UK wholesale gas prices edged up after a drop in send-out from UK LNG terminals and reduced Norwegian Langeled pipeline flows. Traders said the oversupplied system would limit gains, and Middle East tensions following the US killing of an Iranian general added uncertainty.

- Date: 2020-01-07 · published 2020-01-07T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/55280-uk-gas-prices-rise-in-response-to-norwegian-lng-supply-dip-lng-industry
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Short-term gas price moves in Europe feed into energy costs for fertiliser and processing, but the oversupply limits upside. Geopolitical risk in the Middle East is adding volatility to energy markets more broadly.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- lngindustry.com: https://www.lngindustry.com/liquid-natural-gas/07012020/uk-gas-prices-rise-in-response-to-norwegian-lng-supply-dip/

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