Natural gas prices in Europe reversed earlier gains as ample liquefied natural gas imports offset lower deliveries from Norway amid planned works. Benchmark futures were 0.2% lower, after rising as much as 5.2% on Friday. Supplies from Norway are set to slump to the lowest levels in more than three months with seasonal work at the giant Troll field on Friday, according to nominations from operator Gassco AS. There are also unplanned outages at the Kollsnes processing plant. The lower shipments are being partly balanced by increased LNG imports as higher prices in Europe compared with Asia pull cargoes. “Europe should continue to benefit from high LNG supply, without having to overbid,” consultant EnergyScan said in a note. “But there is a reason for concern about the sharp drop in Norwegian supply. The missing volumes are probably being sought from power plants, which are asked to favor generation from […]