European and Asian prices extended gains

  • Gas

European gas prices extended gains yesterday, still supported by tight domestic fundamentals.

The strong rise in Asia JKM prices provided additional support, offsetting the drop in parity prices with coal for power generation (both coal and EUA prices were down).

On the pipeline supply side, Russian flows were up yesterday, at 328 mm cm/day on average, compared to 320 mm cm/day on Friday. Norwegian flows were stable, averaging 303 mm cm/day (still significantly below the maximum of 348 mm cm/day of early April).

European-and-Asian-prices-extended-gains
Share this news :

You might also read :

November 14, 2022

Irrational Exuberance?

Macro and Oil Podcast #1 Olivier Gasnier, Macro & Oil analyst, talks about the state of the US Economy after the inflation rate numbers were…
ES-power
December 6, 2021

Profit taking pushed EUAs back towards 78€/t

The power spot prices rose for today in northwestern Europe, supported by forecasts low temperatures, low French nuclear availability and weak wind production. The day-ahead…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]