European prices extended gains

European gas prices increased again yesterday, supported by weak pipeline supply and lower temperatures. Norwegian flows increased slightly yesterday, averaging 304 mm cm/day, compared to 302 mm cm/day on Tuesday, but still below the 324 mm cm/day of last Friday. Russian flows weakened to 262 mm cm/day on average, still significantly below the 319 mm cm/day on average of January 2021.

The rise in parity prices with coal for power generation (due to higher EUA and coal prices) provided additional upward pressure.

ttf-cal-2022-25
Share this news :

You might also read :

ES-gas
November 15, 2021

Mixed price evolution

European gas prices were mixed on Friday, torn between lower Norwegian supply, hopes of higher Russian flows and the additional easing in global coal markets.…
ES-gas
April 27, 2021

Rebound in European spot prices

European spot gas prices rebounded yesterday, wiping out some of their Friday losses. Prices on the curve were more mixed as the impact of the…
ES-gas
October 28, 2021

Prices down on hopes of higher Russian supply

European gas prices weakened yesterday, pressured by more comfortable spot fundamentals (above-normal temperatures, higher LNG supply). Moreover, on the pipeline supply side, Norwegian flows rebounded…
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]