European Gas Edges Higher as Traders Weigh Outages, Solar Record
- New maintenance work announced at Kollsnes facility in Norway
- Solar power output in Germany seen staying high this week
The Weesow-Willmersdorf solar park in Werneuchen, Germany.
Photographer: Liesa Johannssen-Koppitz/BloombergThis article is for subscribers only.
European natural gas rose as traders assessed the impact on demand from record German solar output while new outages were announced at a Norwegian facility.
Benchmark futures settled 0.5% higher, after swinging between gains and losses. Short-term supply and demand are being scrutinized for any signs of stress, even though overall risk has sharply reduced with fuller-than-normal stockpiles. The Kollsnes gas processing plant in Norway will have outages this week and the Montoir LNG import facility in France is scheduled for a shutdown.