Prices down on bearish Asian fundamentals
European gas prices dropped last Thursday, pressured by mild weather, ongoing strong LNG supply and rebound in pipeline flows. The drop in coal prices (although…
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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