Norwegian Gas Supply Risk UK Business Energy Markets

When Norway Sneezes, Gas Prices Catch a Cold – risks of supply disruption

Norway is Europe’s largest supplier after Russia and one of the UK’s most important gas suppliers, planned or unplanned maintenance in Norway can meaningfully reduce short-term pipeline supply to the UK

20+ Years Experience

A trusted industry leader working for a diverse range of commercial customers.

20+ Years Experience

A trusted industry leader working for a diverse range of commercial customers.

20+ Years Experience

A trusted industry leader working for a diverse range of commercial customers.

ENERGY CONSULTANCY OF THE YEAR 2025

When Norway Sneezes, Gas Prices Catch a Cold – Risks of supply disruption.

Norway is Europe’s largest supplier after Russia and one of the UK’s most important gas suppliers; planned or unplanned maintenance in Norway can meaningfully reduce short-term pipeline supply to the UK.
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When these flows run smoothly, the UK market tends to remain well-balanced. When there are interruptions, prices usually react quickly—especially during winter.
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Given that it was concluded that the Nord Stream pipelines were previously sabotaged, and Western intelligence sources are suggesting that critical underwater infrastructure is being actively mapped, further deliberate destruction of gas pipelines cannot be safely ruled out in the current climate.
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Unplanned outages and the subsequent seasonal maintenance can tighten the market at the precise time heating demand peaks. Reuters reported major Norwegian maintenance periods earlier in the winter ramping season (a key risk in 2025/26). This affected September and October supplies, which would have impacted storage replenishment and general usage. If this were to happen at the height of a cold winter snap, the effect could see significant price rises.

How Can Advantage Help?

Our sustainability department continue offer an ever-increasing range of products and technology aimed at reducing energy consumption and associated costs as well as driving down carbon emissions. We will, of course, continue to keep you updated on these initiatives, but please do reach out to your designated point of contact should you wish to explore your options in this regard.

In terms of procurement, we will of course continue to monitor markets with a view to helping customers navigate the unprecedented circumstances and ascertain when constitutes the best time to seek a contract extension.

Our popular flexible procurement options continue to be an option for an increasing number of clients on either a standalone basis or as part of a grouped basket. This often facilitates access to day/month ahead trading markets, which have proved to be particularly beneficial to many clients over the winter period.