LSE:SHELOil and Gas
What Does Shell (LSE:SHEL) Ormen Lange Outage Mean For European Gas Supply?
Shell (LSE:SHEL) has cut output at Norway's Ormen Lange gas field by around 40% after a compressor failure.
The outage, linked to undersea infrastructure issues, is now expected to continue until 2027.
The reduced production affects Shell's European gas supply position as the region heads into the winter heating season.
For a wider view on how shifting gas supply and grid reliability intersect, it is worth looking at companies tied into power network resilience through 37 power grid...