Gas market news

EnergyScan, podcast, ENGIE, ENGIE Gems, Gas, Power
March 4, 2025

Gas & Power Report: Rollercoaster ride for European energy markets

Gas & Power Report: Rollercoaster ride for European energy markets February, 28 2025 Gas & Power February saw a rollercoaster ride for European energy prices, with gas and power markets experiencing significant volatility. Key drivers included mild weather, geopolitical developments and easing concerns on gas storage filling targets. Tune in…
EnergyScan, podcast, ENGIE, ENGIE Gems, Gas, Power, Energy
January 31, 2025

Gas & Power Report: European energy prices at 15-month highs

Gas & Power Report: European energy prices at 15-month highs January, 31 2025 Gas & Power No respite for energy markets in January! In this weekly Gas & Power podcast, Julien Hoarau comes back on the new rally in European gas and CO2 prices, on the back of temporary gas…
EnergyScan, podcast, ENGIE, ENGIE Gems, Gas, Power, Energy
January 20, 2025

Gas & Power Report: Bumpy start for energy markets in 2025

Gas & Power Report: Bumpy start for energy markets in 2025 January, 16 2025 Gas & Power In this first Gas & Power podcast of the year, Julien Hoarau discusses the many events that have shaken energy markets recently: the end of Russian gas transit through Ukraine, temporary gas supply…
EnergyScan, podcast, ENGIE, ENGIE Gems, Gas, Power, Energy
December 10, 2024

Gas & Power Report: The upward trend is running out of steam

Gas & Power Report: The upward trend is running out of steam December, 6 2024 Gas & Power November saw European gas and power prices spike, driven by lower LNG imports, lower RES power generation and rising demand compared to a year ago. Julien Hoarau discusses the dynamics behind these…
EnergyScan, ENGIE, ENGIE Gems, podcast, Gas, Power
July 5, 2024

Gas & Power Report: Energy markets in a wait-and-see mood

Gas & Power Report: Energy markets in a wait-and-see mood Gas & Power #112 In this week’s Gas and Power podcast, Julien Hoarau comes back on the main moves of the past few weeks across gas and power markets. Spot power prices continue to show strong volatility in Europe amid…
EnergyScan, podcast, ENGIE, ENGIE Gems, Gas, Power, Energy
November 30, 2023

Gas & Power Report: Bears in charge of energy prices in Europe

Bears in charge of energy prices in Europe Gas & Power #79 In this week’s Gas and Power podcast, Julien Hoarau discusses about the drop in wholesale energy prices in Europe despite the onset of the first cold winter weather episode. Is this bearish trend backed by fundamentals and is…
EnergyScan, podcast, ENGIE, ENGIE Gems, Gas, Power, Energy
November 23, 2023

Gas & Power Report: Energy prices still find resistance on the downside in Europe

Energy prices still find resistance on the downside in Europe Gas & Power #77 In this week’s Gas and Power podcast, Julien Hoarau discusses about the slowly decreasing risk premium in energy prices in Europe despite a comfortable supply/demand balance in the short term and about recent developments on the…
EnergyScan, podcast, ENGIE, ENGIE Gems, Gas, Power, Energy
May 10, 2023

Gas & Power Report: Gas prices continue to ease in Europe

Gas & Power Podcast #43 In this weekly podcast for Gas & Power, we discuss about the continuation of the bearish trend in European gas prices as well as the volatility in power prices following the confirmation of EDF’s nuclear production target for 2023. Listen here Share this news :…
EnergyScan, podcast, ENGIE, ENGIE Gems, Gas, Power, Energy
April 19, 2023

Gas & Power Report: Muted demand and comfortable stocks to weigh on energy prices

Gas & Power Podcast #40 In this week’s podcast, Julien Hoarau discusses about recent trends in wholesale energy markets, with muted demand, global macroeconomic factors, and maintenance programs affecting prices. A stable to bearish sentiment prevails globally. Listen here Share this news : Check our latest post January 23, 2023…
EnergyScan, podcast, ENGIE, ENGIE Gems, Gas, Power, Energy
April 12, 2023

Gas & Power: Energy markets looking for a direction after the Easter break

Gas & Power Podcast #38 In this week’s podcast, Julien Hoarau discusses the recent decline in global coal prices due to weak demand and the significant increase in the risk premium for French power prices amid concerns over thermal cracks and stress corrosion issues at French nuclear plants. Listen here…
EnergyScan, podcast, ENGIE, ENGIE Gems, Gas, Power, Energy
March 30, 2023

Gas & Power Report: Rising risk premium for French power prices

Gas & Power Podcast #34 In this week’s Gas & Power EnergyScan podcast, Julien Hoarau tells us about relatively calm power markets though with a slight bullish upturn most likely driven by the rise of French Cal’24 prices. Fundamentals for this include the ongoing strikes in France against the polemical…
EnergyScan, podcast, ENGIE, ENGIE Gems, Gas, Power, Energy
March 23, 2023

Gas & Power Report: Mixed energy prices amidst a bustling environment

Gas & Power Podcast #32 In this weekly Gas & Power report, Julien Hoarau tells us about French nuclear availability and issues EDF encounters, impact of French strikes on central western power markets, and the consequences of the current banking crisis. European gas prices are volatile, with this deteriorating macro-economic…
ES-gas
July 4, 2022

LNG continues to maintain a price divergence

European gas prices were mixed on Friday: rather down on the markets benefiting from strong LNG supply like the UK NBP, rather up on the others. On the pipeline supply side, Russian flows remained stable on Friday, at 104 mm cm/day on average. Norwegian flows increased to 324 mm cm/day…
ES-gas
July 1, 2022

Prices maintain their bullish trend

European gas prices were up overall yesterday, still supported by uncertainties on Russian supply and LNG flows (following the shutdown of the US Freeport LNG terminal and the disruption of loadings at the Shell’s Prelude FLNG terminal in Australia). The rise in coal prices  (+1.88% for API2 1st nearby prices,…
ES-gas
June 30, 2022

TTF CAL 2023 prices above the €100/MWh mark

Bulls kept control of European gas prices on Wednesday with concerns over a slowdown in storage injections in June (see below chart) due to the drop in Russian gas flows through the Nordstream 1 pipeline and the shutdown of the Freeport LNG terminal providing strong support. Europe gas stock fullness rate sits…
ES-gas
June 29, 2022

Spot prices up, curve prices more mixed

European spot gas prices increased yesterday, supported by higher demand. The trend was more mixed for curve prices which adopt a wait-and-see position in a context of stable Russian flows (at 104 mm cm/day on average). On their side, Norwegian flows increased very slightly to 322 mm cm/day on average…
ES-gas
June 28, 2022

Mixed price evolution

European gas prices were mixed yesterday, lacking support to climb much higher in a context of stable Russian flows and rebounding Norwegian flows (at 320 mm cm/day on average, compared to 311 mm cm/day on Friday). Day-ahead prices continued to trade in a wide range across European hubs, with NBP spot…
ES-gas
June 27, 2022

Prices took a breather, but the trend remains bullish

European gas prices took a breather after their strong rise of the previous session. The drop in coal prices (-3.34% for API2 1st nearby prices, -3.95% for Cal 2023 prices) also exerted downward pressure. For the moment, this decline in coal prices is essentially technical. But a more significant decline…
ES-gas
June 24, 2022

Prices supported by emergency measures taken by Germany

European gas prices increased yesterday, supported by the additional measures taken by Germany to tackle the gas crisis. Indeed, Germany has declared an “alert” notice, the second of the three stages of the emergency plan, which allows suppliers in theory to pass on higher costs to consumers to limit gas…
ES-gas
June 23, 2022

Moderate price increase overall

European gas prices were mixed yesterday: lower in the UK, higher overall on the continent as concerns on Russian supply continued to lend support. Russian flows remained stable yesterday at their weak 104 mm cm/day level. Norwegian flows were slightly lower, averaging 306 mm cm/day, compared to 308 mm cm/day…
ES-gas
June 22, 2022

Concerns on supply continue to support prices

European gas prices continued to increase yesterday, still supported by concerns on supply. Russian flows stabilized at their weak levels yesterday, averaging 104 mm cm/day. Norwegian flows were significantly lower, averaging 308 mm cm/day, compared to 329 mm cm/day on Monday, and are even lower this morning (287 mm cm/day)…
ES-gas
June 21, 2022

Prices maintain their uptrend

European gas prices were up overall yesterday as the weakness in Russian supply (stable yesterday at 104 mm cm/day on average, with Nord Stream 1 flows stabilizing at 68 mm cm/day) continued to dominate market sentiment. On their side, Norwegian flows increased slightly, averaging 329 mm cm/day on average, compared…
ES-gas
June 17, 2022

Prices torn between concerns on supply and profit taking

European gas prices were mixed yesterday, torn between ongoing concerns on supply and profit taking. Yesterday, reflecting the problems on the compressors mentioned the previous days, Russian supply weakened again, averaging 106 mm cm/day (compared to 136 mm cm/day on Wednesday), with Nord Stream 1 flows down to 70 mm…
ES-gas
June 16, 2022

Prices rose again as Russian supply should fall further

European gas prices maintained their bullish trend yesterday, supported by the prospect of an additional drop in Russian flows. Indeed, Gazprom said yesterday it had halted operations at one of three operational compressor units at the Portovaya compressor station due to maintenance issues. This should remove a further 33 mm…
ES-gas
May 24, 2022

Bearish sentiment continued to prevail in the carbon and power markets

The plummeting gas, coal and carbon prices amid comfortable supply and weakening demand pressure the European power spot prices yesterday. The day-ahead prices indeed faded by 17.74€/MWh from the previous day in Germany, France, Belgium and the Netherlands to reach 173.79€/MWh. The falling fuel complex drove the power forward prices…
ES-gas
May 24, 2022

Spot prices up on lower pipeline supply

European spot gas prices increased yesterday, supported by lower pipeline supply. Indeed, Norwegian flows dropped to 305 mm cm/day on average (compared to 325 mm cm/day on Friday), due to an unplanned outage at the Troll gas field. Russian flows were also lower, averaging 208 mm cm/day, compared to 227…
ES-gas
May 23, 2022

Prices weakened on bearish spot fundamentals

European gas prices weakened again on Friday, pressured by weak demand and comfortable supply. While Russian flows were stable, averaging 227 mm cm/day, Norwegian flows were up, to 325 mm cm/day on average, compared to 320 mm cm/day on Thursday. However, the rise in coal prices (+4.61% for API2 1st nearby…
ES-gas
May 20, 2022

Prices down as concerns about payment in rubles abate

European gas prices weakened yesterday. Russian flows increased again, averaging 227 mm cm/day, compared to 218 mm cm/day on Wednesday. Norwegian flows were also up, rebounding to 320 mm cm/day on average, compared to 312 mm cm/day on Wednesday. Comments from Russia Deputy Prime Minister Alexander Novak saying yesterday that…
ES-gas
May 19, 2022

Mixed price evolution

European gas prices were mixed yesterday. Russian flows increased slightly, averaging 218 mm cm/day, compared to 213 mm cm/day on Tuesday. By contrast, Norwegian flows dropped to 312 mm cm/day on average, compared to 325 mm cm/day on Tuesday, due to planned maintenance. While uncertainty on the payment of Russian…
ES-gas
May 18, 2022

Prices up as uncertainty remains on the payment in rubles

European gas prices were up yesterday, supported by the uncertainty on the payment of Russian gas in rubles. After Brussels released on Monday updated guidance on how companies can legally keep buying Russian gas, a European Commission spokesman said yesterday opening accounts in rubles at a Russian bank to pay…
ES-gas
May 17, 2022

Mixed price evolution

European gas prices were mixed yesterday, torn between conflicting fundamentals. Russian flows dropped yesterday, averaging 221 mm cm/day, compared to 225 mm cm/day on Friday. Monthly auctions for gas transportation capacity saw no rights allocated for transport through Ukraine for June delivery, while month-ahead auctions on the Yamal pipeline were…
ES-gas
May 13, 2022

Prices up after Russian flows through the second entry point in Ukraine dropped

Supported by rising concerns on Russian supply, European gas prices were up overall yesterday, in a context of persistent decorrelation between day-ahead and month-ahead prices (see the Gas & Coal Weekly Report published yesterday). Indeed, Russian flows through Ukraine at the Velke Kapusany entry point dropped again yesterday (averaging 58 mm cm/day,…
ES-gas
May 12, 2022

Prices torn between high LNG supply and the drop in Russia supply through Ukraine

European gas prices dropped yesterday as the impact of the force majeure on the Sokhranivka entry point faded somewhat. But, physically, Russian flows through Ukraine at the Velke Kapusany entry point weakened further yesterday, averaging 67 mm cm/day, compared to 81 mm cm/day on Tuesday, driving total Russian flows to…
ES-gas
May 11, 2022

Prices up after Russian flows through Ukraine drop

European gas prices rebounded yesterday after one of the two entry points for Russian gas transit through Ukraine stopped operating (see the news we released yesterday afternoon). And actually, Russian flows through Ukraine dropped to 81 mm cm/day on average yesterday, compared to 92 mm cm/day on Monday, driving total…
ES-gas
May 10, 2022

Prices extended losses

European gas prices extended losses yesterday, still pressured by weak demand and strong LNG supply. The drop in coal prices (-4.37% for API2 1st nearby prices, -5.89% for Cal 2023 prices) provided additional downward pressure. On the pipeline supply side, Norwegian flows dropped to 311 mm cm/day on average yesterday, compared…
ES-gas
May 9, 2022

Prices torn between comfortable spot fundamentals and concerns on Russian supply

European spot gas prices dropped strongly on Friday, pressured by weak demand and ongoing strong LNG supply while pipeline flows remained stable (Norwegian flows at 320 mm cm/day on average, and Russian flows at 260 mm cm/day on average). The drop in curve prices was more moderate, particularly on the TTF, as…
ES-gas
May 6, 2022

Prices maintain their uptrend

European gas prices maintained their uptrend overall yesterday, supported by the additional rise in coal prices: +3.20% for API2 1st nearby prices; +3.04% for Cal 2023 prices. (More details are available in the Gas & Coal Weekly Report published yesterday.) Norwegian flows weakened significantly yesterday, to 321 mm cm/day on average, compared to 337…
ES-gas
May 5, 2022

Prices up again on higher coal and oil prices

European gas prices were up again yesterday, supported by the additional rise in coal prices (+10.31% for API2 1st nearby prices; +8.72% for Cal 2023 prices). The rise in Norwegian flows (to 337 mm cm/day on average yesterday, compared to 327 mm cm/day on Tuesday) failed to calm the upward pressure.…
ES-gas
May 4, 2022

Prices up on higher coal prices

European gas prices were up overall yesterday, mainly supported by the strong rise in coal prices (+8.94% for API2 1st nearby prices; +5.45% for Cal 2023 prices). Reflecting an urgency to secure supplies amid increasing blackouts, India has asked yesterday state and private sector utilities to ensure delivery of 19 million…
ES-gas
May 3, 2022

Prices down on higher flows from Russia and Norway

European gas prices were down overall yesterday, pressured by the rise in pipeline supply. Indeed, Russian flows were significantly up yesterday, averaging 260 mm cm/day, compared to 223 mm cm/day on Friday. Norwegian flows were also up, to 317 mm cm/day on average, compared to 304 mm cm/day on Friday. …
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