# Spot UK Gas Jumps to Six-Month High | Energy Intelligence

> UK National Balancing Point spot gas rose to its highest level since March. The increase followed tight supply caused by unplanned outages at Norwegian fields and processing plants.

- Date: 2018-08-30 · published 2018-08-30T12:00:00.000Z
- Category: logistics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/63718-spot-uk-gas-jumps-to-six-month-high-energy-intelligence
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Norwegian supply outages tighten European gas, raising energy costs and supporting European LNG demand. Higher European gas prices can also lift nitrogen fertilizer costs.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2016-12-22 | [LNG Outages Keep Prices High \| Energy Intelligence](https://feedsoft.ai/events/73641-lng-outages-keep-prices-high-energy-intelligence.md) | +8.3% | -6.8% |
| NATGAS | 2020-07-08 | [NYMEX prompt natural gas hits two-month high as force majeure cuts Appalachian production – The Energy Bulletin Daily](https://feedsoft.ai/events/11170-nymex-prompt-natural-gas-hits-two-month-high-as-force-majeure-cuts-appalachian.md) | -4.1% | +17.3% |
| NATGAS | 2022-10-31 | [U.S. natural gas futures jump 10% to two-week high on rising LNG exports - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/39307-u-s-natural-gas-futures-jump-10-to-two-week-high-on-rising-lng-exports-energy.md) | -5.3% | +18.8% |
| 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 | 2019-12-24 | [New England Natural Gas Prices Hit Two Year High \| OilPrice.com](https://feedsoft.ai/events/7851-new-england-natural-gas-prices-hit-two-year-high-oilprice-com.md) | -2.4% | -11.6% |

## Sources

- energyintel.com: https://www.energyintel.com/0000017b-a7d5-de4c-a17b-e7d7af270000

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