Bulls still in charge of European gas prices

European gas prices ended the week on another bullish note on Friday, supported by the delayed start-up of production at the Asgard field in Norway after seasonal maintenance (15 mm cm/day impact), low wind power generation and a further drop in LNG regas flows from NW Europe import terminals. The TTF ICE July-21 contract settled just above the Q1-22 contract at the close in a very unusual move. Strong oil and coal prices (new 2021 highs for Brent and API 2 benchmarks) pushed contracts further high as well on the far curve. As a reminder, you’ll find here our summary of the key elements behind this historical jump in global gas prices (for premium users only).

TTF prices
Share this news :

You might also read :

ES-oil
November 26, 2021

Outright crude crashes

By falling below 80 $/b, ICE Brent front-month future declined by close to 4.5% within a day. Yet, front-month time spreads remained supported, at 127…
ES-gas
October 21, 2021

Slight price rebound

European gas prices rebounded yesterday during a session marked by low volatility. The slight increase in Asia JKM prices (+1.27%, to €104.205/MWh, on the spot;…
ES-power
November 30, 2021

EUAs retreated after breaking another record

Strongly pressured by forecasts of surging wind output, the power spot prices dropped in northwestern Europe yesterday, with Germany presenting the largest losses as the…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]