European gas prices weakened again

European gas prices weakened again yesterday, still pressured by lower heating demand due to rising temperatures. The drop in parity prices with coal for power generation (both EUA and coal prices were down) provided additional downward pressure.

On the pipeline supply side, due to planned and unplanned works, Norwegian flows were down yesterday, averaging 336 mm cm/day, compared to 344 mm cm/day on Wednesday. Russian flows were slightly down, at 324 mm cm/day on average, compared to 326 mm cm/day on Wednesday.