U.S. Natural Gas Gains Ahead of Inventory Data
1030 GMT – European natural gas prices rise following unplanned outages in Norway, with the benchmark Dutch TTF contract up 0.7% to 35.46 euros a megawatt hour. Disruptions at the Nyhamna and Kollsnes processing plants are expected to last until Friday, taking offline 49.8 million and 51.5 million cubic meters of capacity a day, respectively, according to operator Gassco. Meanwhile, Japan is increasing its purchases of liquefied natural gas as stockpiles dip slightly below the five-year seasonal average, analysts at ANZ Research say. With a 70% probability of above-normal temperatures across eastern and western regions through Aug. 11, the analysts warn energy LNG demand could rise even further. (giulia.petroni@wsj.com)
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