European and Asian prices extended gains

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 :

ES-oil
April 12, 2021

Mobility goes down in Europe and India

ICE Brent crude prompt contract remained under pressure, at 62.7 $/b, as gloomier economic prospects and low volatility dented financial flows in the market, with…
ES-economy
June 3, 2021

Let’s wait for the US job report

The market seems on hold, but remains confident overall: limited gains in equities and bond yields slightly down. The USD is rather stable too: 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]