Downward move at EU gas hubs amid mild and windy weather prospects
European gas prices eroded the risk premium built last week on Monday with biggest losses recorded on prompt and near-curve contracts as mild and very windy…
European spot gas prices were mixed on Friday. Although rising, temperatures are expected to remain below normal this week.
Curve prices were more clearly up, supported by the strong rise in parity prices with coal for power generation (mainly due to the sharp rise in coal prices).
On the pipeline supply side, Russian flows were slightly down on Friday, at 320 mm cm/day on average, compared to 322 mm cm/day on Thursday. Norwegian flows were slightly up, averaging 303 mm cm/day, compared to 299 mm cm/day on Thursday (but still significantly below the 327 mm cm/day of the previous week).
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