European prices down again

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.

Share this news :

You might also read :

March 1, 2021

Mixed European gas prices

With unchanged fundamentals, European gas prices were mixed on Friday. On the pipeline supply side, Norwegian flows were up on Friday, averaging 318 mm cm/day,…
December 14, 2021

Waiting for the Fed now

The equity markets have gone back down, bond yields have eased a bit and the dollar has strengthened a bit. This is the result of…
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?