Prices rebounded yesterday in most European gas markets, supported by higher heating demand due to below-normal temperatures and lower pipeline supply. Indeed, due to maintenance works, Norwegian flows dropped again yesterday, to 310 mm cm/day on average, compared to 325 mm cm/day on Tuesday. Russian flows were almost stable, averaging 325 mm cm/day, compared to 326 mm cm/day on Tuesday. The rise in parity prices with coal for power generation (both EUA and coal prices were strongly up) provided additional upward pressure, particularly for curve prices.
Get more analysis and data with our Premium subscription
Ask for a free trial here
