European gas prices rebounded

European gas prices increased yesterday, more sensitive to falling temperatures (which are now expected to briefly drop below normal during the weekend) to the rise in pipeline supply and the additional drop in Asia JKM prices.

Indeed, Norwegian flows were up again yesterday, averaging 325 mm cm/day, compared to 318 mm cm/day on Friday. After the strong cold snap in the country finally abated, Russian flows continued to normalize, rising to 310 mm cm/day on average, compared to 302 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 :

ES-oil
June 7, 2021

In OPEC’s hands

ICE Brent prices retreated to 71.3 $/b on early Monday, while time spreads continued to climb, at 43 cents at the prompt. Chinese crude oil…
ES-oil
January 8, 2021

Mobility takes a toll

Brent prompt futures remained at 54.7 $/b on early Thursday. Mobility across Europe and the US is reportedly lower in early January as most countries…
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]