EnergyScan

Colder weather pushed European prices up

European gas prices increased on Friday, supported mainly by the strong drop in temperatures. The rise in EUA and coal prices (which increased parity prices with coal for power generation) provided additional bullish pressure. Prices even ignored the additional drop in JKM spot prices (which fell to €21.815/MWh on Friday, -5.59% day-on-day).

On the pipeline supply side, Russian flows were almost stable on Friday, at 304 mm cm/day on average, compared to 303 mm cm/day on Thursday. Norwegian flows were slightly up, averaging 344 mm cm/day, compared to 341 mm cm/day on Thursday.

ttf-cal-2022-08
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-gas
June 2, 2021

European prices continued to rebound

European gas prices continued to rebound yesterday, still supported by concerns on tight spot fundamentals. Despite lower demand, pipeline supply remains relatively weak, which maintains…
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?  Sign up here!

[booked-calendar]