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.

Share this news :

You might also read :

March 17, 2022

Markets welcome Fed rate hike

The decision was expected: the Fed raised its Fed funds rate by 25bp. It will also soon start draining liquidity from the market. It has significantly…
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?