Irish Independent: Norwegian production problems stoke rise in gas price

UK natural gas rose for an eighth day, the longest rising streak since March 2011, as production outages in Norway continued to curb supply and cold weather boosted demand. UK prices usually determine prices here in Ireland.

Front-month gas in the UK, Europe's biggest market, climbed as much as 3.1pc in London yesterday.

Norway, Britain's biggest foreign supplier, has flow constraints at three fields, with a reduction at the Aasgard field adding to continued limited flows from the Troll and Skarv fields.

Demand for the fuel is forecast to exceed seasonal norms. Prices also climbed as European Union carbon permits touched the highest level since March 3 in London trading.
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