Gas Futures In Europe Up By Nearly 10% After Leak Led To Shutdown Of Norwegian LNG Plant

Sumaira FH Published May 31, 2023 | 03:50 PM

Gas Futures in Europe Up by Nearly 10% After Leak Led to Shutdown of Norwegian LNG Plant

MOSCOW (UrduPoint News / Sputnik - 31st May, 2023) Gas futures in Europe have jumped by nearly 10% to over $300 per 1,000 cubic meters after a leak at a Norwegian LNG plant resulted in its shutdown, according to data from the London-based ICE exchange on Wednesday.

Earlier in the day, Norway's Equinor announced the shutdown of its Hammerfest LNG plant due to a gas leak.

June futures on the TTF index � Europe's largest hub � opened at $282 per thousand cubic meters (+1%). As of 10:24 GMT, they were trading at $301.7, which marks an 8% increase.

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