European and Asian prices up

European gas prices extended gains yesterday, still supported by the drop in temperatures. On the pipeline supply side, Norwegian flows were stable yesterday, at 329 mm cm/day on average. Russian flows were slightly lower, averaging 318 mm cm/day, compared to 320 mm cm/day on Wednesday.

The rise in oil and Asia JKM prices provided additional upward pressure, particularly for curve prices.

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May 17, 2021

Prices up again, on the spot and the curve

European spot gas prices increased again on Friday, still supported by below-normal temperatures and relatively weak pipeline supply. Indeed, although Norwegian flows firmed up on…
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