Supply Risks Support Natural Gas Prices in the Near Term

Norwegian maintenance and concerns about supply due to the conflicts in the Middle East and Ukraine will support near-term natural gas and LNG prices, RBC Capital Markets said in a note on Thursday. All these factors move “the risk barometer a notch higher” this summer, the bank said. Maintenance and unplanned outages in Norway, Europe’s single largest natural gas supplier, are the price drivers to watch this summer, according to RBC Capital Markets. A new wave of planned maintenance is coming in September and could put upward…