European gas prices weakened again yesterday, still more sensitive to warmer weather and negative clean spark spreads on the spot and the month-ahead than to the drop in pipeline supply. Due to a series of unplanned outages, Norwegian flows have reversed their recent uptrend, averaging 318 mm cm/day yesterday, compared to 324 mm cm/day on Friday. Russian flows on their side continued to drop, at 260 mm cm/day on average, compared to 267 mm cm/day on Friday, significantly below the 371 mm cm/day on average of December 2020. The drop in US Henry Hub prices (as production issues eased) provided additional downward pressure.
Get more analysis and data with our Premium subscription
Ask for a free trial here
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.