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BackGas returns to the levels of last 14/9 above 82 euros
Gas returns to the levels of last 14/9 above 82 euros
Developing
ANSA Economia6 hours agoEnergy1 min readItalyView original

Gas returns to the levels of last 14/9 above 82 euros

natural gasfuturettf amsterdam

Quick Look

Natural gas futures for November exceed 82 euros/MWh on the Amsterdam TTF exchange, driven by an unplanned failure at the Norwegian Karsto plant that reduced extraction by 5 million cubic meters per day.

AI-generated summary

Why It Matters

The price of natural gas is under observation for the winter season, with particular attention to storage levels and the stability of supply from Norway, the main European supplier.

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Gas opens the week returning above the 82 euro threshold last exceeded on September 14th. Futures contracts for the month of November gain 1.44% to 82.6 euros per MWh on the Amsterdam TTF exchange. Among the numerous causes that impact the increase in gas prices in the last month useful for winter storage are unscheduled maintenance interventions in the Norwegian Karsto plant with a failure to extract 5 million cubic meters per day.

What to Watch

AI outlook — possibilities, not facts

  • Natural gas prices could remain high until full production capacity is restored at the Karsto plant

    Likely · Within weeks

Open Questions

  • How long will the maintenance work at the Karsto plant last?
  • What supply alternatives have been activated to compensate for the Norwegian reduction?
  • How will this change in gas prices affect winter supply contracts already signed?

Related Topics

natural gas
OrganizationsANSA
PlacesAmsterdamKarsto
Topicsfuturettf amsterdamplant maintenancekarstonorwaywinter storage
This article was originally published by ANSA Economia.

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