Asian power and gas prices continue their rally

Prices increased again yesterday in most European gas markets, still supported by strong demand due to freezing temperatures and relatively weak supply. In Asia, JKM spot prices rose to €79.255/MWh yesterday, +32.17% day-on-day, strongly helped by exceptional spot baseload power prices: €1220/MWh yesterday on the Japan Electric Power Exchange (compared to €1184/MWh on Friday). As a consequence, Asia continues to attract LNG cargoes originally destined to Europe.

On the pipeline supply side in Europe, Russian flows dropped slightly yesterday, at 321 mm cm/day on average, compared to 323 mm cm/day on Friday. Norwegian flows were stable at 334 mm cm/day on average. Algerian flows were up, which exerted a downward pressure on Spain PVB spot prices.

ttf-cal-2022
Share this news :

You might also read :

ES-economy
April 15, 2022

Unchanged monetary policy in Europe

No significant development to extract from the ECB meeting held yesterday as its bond buying program is expected to end on the third quarter while…
ES-economy
February 15, 2021

The Nikkei above 30000, 30 years later

New record-high levels on US equities as well as strong domestic GDP figures have pushed the main Japanese stock market index above 30000 for the…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter
Thank you for subscribing to our newsletter​

We will get back in touch with you soon.

Don’t forget to follow us on twitter!

EnergyScan - Newsletter subscription

Don’t have an account yet? 

[booked-calendar]