June is the maintenance period for many Norwegian supplies and French LNG terminals. Although there is no need for gas for heating, there is a demand for storage injections and power production, when the renewable production is low, says an article published in Gasum website.
Low renewable productionRisavika LNG increased 1.7 % week on week and was at 35.80 EUR/MWh for July contracts. European gas prices remain bullish on tight supply. June is the maintenance period for many Norwegian supplies...