European gas prices weakened overall yesterday, as the easing of the tension on Asian markets exerted downward pressure. Indeed, JKM spot prices weakened again yesterday, to €41.570/MWh, -10.70% day-on-day. On the Japan Electric Power Exchange, spot power prices for delivery today eased to €500/MWh, down from €618/MWh for delivery on Wednesday.
On the pipeline supply side, Russian flows were almost stable yesterday, at 318 mm cm/day on average, compared to 317 mm cm/day on Tuesday, still significantly below the 371 mm cm/day on average of December 2020. Norwegian flows were slightly down, averaging 339 mm cm/day, compared to 342 mm cm/day on Tuesday.
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.
We will get back in touch with you soon.
Don’t forget to follow us on twitter!