European gas prices extended gains
- Gas
- February 9, 2021
European gas prices increased significantly yesterday, still supported 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, particularly for far curve prices. Prices continued to ignore the easing in Asia JKM spot prices (which fell to €21.805/MWh yesterday, -0.04% day-on-day).
On the pipeline supply side, Russian flows were down yesterday, at 301 mm cm/day on average, compared to 304 mm cm/day on Friday. Norwegian flows were stable, averaging 344 mm cm/day.
Share this news :
You might also read :
The European power spot prices eased yesterday amid forecasts of lower demand, improved French nuclear availability and slightly stronger hydro and wind productions. The day-ahead…
February 4, 2021
EUA spiked toward 38€/t on speculative buying and record auction result
The power spot prices rebounded yesterday in Northwestern Europe amid forecasts of weaker renewable production and lower temperatures. Prices averaged 52.29€/MWh in Germany, France, Belgium…
July 30, 2021
Uncertainty fuels volatility on financial markets
Sentiment was positive yesterday but disappeared overnight with Asian equity markets down sharply and US futures down. Bond yields are edging down after a rebound and…
Subscribe to our newsletter