It has been learned from the Invest and Financial News app that part of an important liquefied natural gas (LNG) export facility in Australia stopped production on Monday, which may further tighten global natural gas supply. Prior to this, an unexpected interruption in Norwegian natural gas supply led to limited natural gas supplies in Europe. According to insiders,$Chevron (CVX.US)$One of the three LNG production lines at the Gorgon LNG plant has been shut down. It is worth mentioning that after maintenance for most of the month of May, the plant just resumed full production last Friday.

On Monday, due to the unexpected interruption of natural gas supply from Norway, natural gas prices in Europe rose more than 5%, to 36.4 euros per megawatt-hour. It is reported that natural gas traders are paying attention to the notification of Norway's natural gas transportation manager, Norway Gas Transport Management Company. The company is performing seasonal maintenance on gas transmission facilities, and the amount of maintenance work is expected to decrease this month. Norway Gas Transport Management Company said it is unclear why the gas supply was interrupted and when it will be restored.

Currently, due to restrictions from upstream and downstream, the natural gas delivery to the Isle of Grain terminal in the UK (the main receiving point for Norwegian natural gas) and the Nyhamna natural gas production plant in Norway has been interrupted. This unexpected supply interruption undoubtedly adds pressure to the already tense European energy market, and the rising natural gas prices may further exacerbate energy costs for European households and businesses. With the delay of maintenance work and the uncertainty of supply, market participants and policymakers are closely monitoring the dynamics in Norway to assess its potential impact on European energy security.