Extended Gas Export Outage Escalates Prices

The outage of Norway's gas exports to Britain via the Langeled pipeline was extended by two days to June 7 as repair work continued. The disruption, due to a crack in a two-inch pipeline, has driven up gas prices in Europe, the United States, and beyond.

The outage of Norway's gas exports to Britain via the Langeled pipeline was extended by two days until the morning of June 7 as repair work continued, Norwegian system operator Gassco said on Tuesday.

The outage, which Gassco attributed to a crack in a two-inch pipeline onboard Equinor's offshore Sleipner Riser platform, on Monday drove up gas prices in Europe, the United States and beyond.