Reported 4 months ago
European natural gas prices reached their highest level in a year as a result of decreased flows from Norway, showcasing the risks of overreliance on a single major supplier. Norwegian outages at gas processing plants and entry points into the UK caused significant spikes in gas futures prices. The situation highlights Europe's vulnerability in energy supply dependence and the pivotal role played by Norway amidst supply challenges following Russia's pipeline cut-offs post the Ukraine conflict.
Source: YAHOO