EnergyScan

European prices rebounded

European gas prices rebounded yesterday, supported by lower pipeline supply and forecasts of lower temperatures. Indeed, due to a series of unplanned outages, Norwegian flows dropped again yesterday, averaging 302 mm cm/day, compared to 318 mm cm/day on Monday. Russian flows were stable, at 262 mm cm/day on average, but 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-2022-24
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-gas
March 4, 2022

Prices rose to record highs before falling

Torn between opposing fundamentals, European gas prices reached new historical highs yesterday before closing lower. As proof that gas supply is becoming a problem in…
ES-oil
February 12, 2021

IEA, OPEC alert on variant surge

Brent prompt futures retreated to 60.7 $/b after the publication of the two monthly reports from OPEC and the IEA, showing a slower recovery than…
ES-gas
April 16, 2021

European prices up as demand remains strong

European gas prices increased yesterday, supported by the downward revision of temperatures for the end of next week (initially, they were expected to increase above…
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]