Mixed signals from US and Iran keep natural gas market on edge

Norwegian pipeline gas supplies remain subdued due to maintenance, with nominations totalling 282.6 million cubic metres (mcm) per day, data by Gassco showed.

“Apart from the closed Strait of Hormuz, Europe also has to deal with reduced supply from Norway, fears of a warm and dry summer and very low storage levels,” Mind Energy’s Nielsen added.

EU gas storage sites were last 33.4 per cent full, compared with around 40.3 per cent at the same time last year, Gas Infrastructure Europe data showed.

(Reporting by Nora Buli; Editing by Kirsten Donovan)