European gas prices mixed yesterday

With unchanged fundamentals (temperatures are expected to drop gradually, falling briefly below normal during the weekend), European spot gas prices were mixed yesterday. The trend was more clearly bearish for curve prices, which ignored the rise in parity prices with coal for power generation (following higher EUA and coal prices).

On the pipeline supply side, Norwegian flows were stable yesterday, averaging 325 mm cm/day. After the strong cold snap in the country finally abated, Russian flows continued to normalize, rising to 315 mm cm/day on average, compared to 310 mm cm/day on Friday, now closer to the 319 mm cm/day on average of January 2021.

ttf-cal-2022
Share this news :

You might also read :

ES-economy
March 5, 2021

Bond yields keep on rising, the USD follows

Jerome Powell, the Fed chairman, repeated more or less word for word what Lael Brainard said previously, but markets expected something more specific pointing to…
ES-gas
March 22, 2021

European prices extended losses

European gas prices continued to weaken overall on Friday, still pressured by the expected rise in temperatures this week. The drop in Asia JKM prices…
ES-oil
July 5, 2021

Diplomatic crisis

OPEC+ members did not achieved significant progress over the weekend to agree on a production policy going forward. The group is meeting today for another…
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]