European prices down
- Gas
- February 22, 2021
European gas prices weakened on Friday, more sensitive to warmer weather than to relatively weak pipeline supply. Indeed, while Norwegian flows continued to recover, averaging 324 mm cm/day, compared to 321 mm cm/day on Thursday, they were still well below the 338 mm cm/day reached at the beginning of the week. Russian flows on their side were down again, at 286 mm cm/day on average, compared to 288 mm cm/day on Thursday, significantly below the 371 mm cm/day on average of December 2020. Signs of recovery in US LNG exports and lower EUA prices (which reduced parity prices with coal for power generation) provided additional downward pressure.
Share this news :
You might also read :
European gas prices increased yesterday, both on the spot and the curve. Temperatures were revised slightly colder early next week. On the pipeline supply side,…
August 30, 2021
Strong price increase
European gas prices increased strongly last Friday, supported by ongoing tight fundamentals (strong injection demand due to relatively weak stock levels while supply remains constrained)…
March 12, 2021
The ECB takes the bull by the horns. The Fed will likely be forced to follow
The ECB has already started to increase its asset purchases in order to address rising bond yields. There has been a curious respite on the…
Subscribe to our newsletter