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Norway's supply disruption coupled with low inventory leads to a slight rise in European natural gas prices.
Jin10 data reported on September 2, the commodity experts from ING, Ewa Manthey and Warren Patterson, pointed out that due to the worsening issue of natural gas supply disruptions in Norway, European natural gas prices have risen slightly. The maintenance period of the Troll gas field has been extended, leading to a reduction in the gas flow to Europe. Meanwhile, the level of natural gas inventory in Europe is still far below the same period last year and the five-year average, further exacerbating the tight supply situation in the market. Norway's daily gas flow to Europe has fallen below 240 million cubic meters, down from about 340 million cubic meters at the beginning of August. At the same time, the filling rate of the EU's natural gas inventory has approached 78%, which is not only lower than last year's 92% but also below the five-year average of 85%.