Norwegian gas leak sparks UK futures price spike
News that a major Norwegian gas pipeline could be closed for the entire winter immediately fuelled a 15% spike in UK gas futures prices listed on ICE Futures Europe from 90.75 pence per therm to 104 pence per therm on 21 August.
StatoilHydro, Norway's national oil company, says the leak in the pipeline that brings gas onshore from the Kvitebjorn offshore field would not be repaired until spring 2009.
The closure would mean 20 million cubic metres of gas would be lost per day, which is about 5% of
More on Gas/LNG
Energy Risk at 30: Learning from the past
Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
Natural gas/LNG house of the year: ENGIE
Energy Risk Awards 2025: Energy firm signs a string of innovative deals in established and fledgling gas markets
Natural gas/LNG house of the year: ENGIE
ENGIE continues to expand its services to better serve firms in Apac dealing with the challenges of energy risk management and supply
Market shrugs off EC’s plan to change gas benchmark
Dutch TTF prices unmoved, as market participants say they are “not taking it seriously”
Natural gas/LNG house of the year: Engie
Energy Risk Awards 2021: In a volatile market Engie continued to grow its gas and asset management businesses
Dynamic gas models make for better hedges
Study highlights dwindling role of weather in market
Short term, LNG view
Excitement over fast-growing LNG markets shouldn't blind us to the potential risks
