EnergyScan

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.

ttf-cal-2022-23
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-power
February 18, 2022

EUAs collapsed on 2022 free allocation start

The European power spot prices sharply rebounded yesterday on expectations of much weaker nuclear availability, although the still very high renewable production dampened the bullish…
ES-economy
January 18, 2022

Bond yields continue to rise

Soaring oil prices are (rightly) fuelling inflationary fears. Inflation forecasts have been revised upwards significantly, as shown by the latest survey conducted by Bloomberg: +0.3%…
ES-gas
May 18, 2021

European gas prices correct downwards

European gas prices fell overall yesterday, pressured by profit taking and the drop in parity prices with coal for power generation. While both EUA and…
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?  Sign up here!

[booked-calendar]