European prices keep their uptrend

European gas prices were generally up again last Thursday, supported by falling temperatures and lower Norwegian supply. Indeed, due to an unplanned outage at the Oseberg gas field, Norwegian flows dropped significantly on Thursday, averaging 314 mm cm/day, compared to 337 mm cm/day on Wednesday. Russian flows were slightly down, at 327 mm cm/day on average, compared to 329 mm cm/day on Wednesday.

Yesterday, Russian flows were slightly lower, at 325 mm cm/day on average. Norwegian flows rebounded to 348 mm cm/day on average.