![]() ![]() Temperatures across Italy and the Balkans are set to remain well above normal this week, with some of the highest readings in the region ranging from the upper 30s to mid 40s Celsius, according to forecaster Maxar Technologies Inc. The extra supply comes as parts of southern Europe are experiencing unseasonably hot and dry weather. Liquefied natural gas flows have eased from previous months but continue to play a key role. Supplies of Norwegian gas are crucial for keeping the fragile market in balance as Europe rebuilds its energy security in the absence of most pipeline shipments from Russia. The outage lasted more than a month longer than originally scheduled, and delays have contributed to periods of intense market volatility in recent weeks. Works at the Nyhamna gas processing plant ended Saturday as planned. Tepid demand and rising storage levels have also helped to keep prices in check. The benchmark contract fell as much as 7.5% after posting this year’s biggest weekly loss on Friday, a 22% drop.
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