LNG continues to maintain a price divergence
European gas prices were mixed on Friday: rather down on the markets benefiting from strong LNG supply like the UK NBP, rather up on the…
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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