EnergyScan

European prices slightly down, Asia JKM prices up again

Prices weakened again yesterday in most European gas markets, both on the spot and the curve. Spot fundamentals were almost unchanged with significantly below-normal temperatures continuing to maintain residential demand at strong levels, while Russian and Norwegian flows were stable, respectively at 332 mm cm/day and 334 mm cm/day on average. In this context, the market remained sensitive to the recent upward revision in temperatures for the balance of January and the new national lockdown in the UK. Except on the Spain’s PVB, prices ignored once again the further rise in Asia JKM prices (€55.296/MWh yesterday, +8.72% day-on-day).

ttf cal 2022
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-gas
October 26, 2021

Slight price increase

European gas prices increased yesterday. Spot prices were supported by lower Norwegian supply (322 mm cm/day on average, compared to 341 mm cm/day on Friday)…
ES-gas
March 9, 2021

Prices mixed on the spot, down on the curve

European spot gas prices were mixed yesterday, torn between conflicting fundamentals. Temperatures fell below normal, but they are expected to rise significantly from Thursday. On…
ES-power
June 3, 2021

EUAs posted losses on heavy auction supply

Except in Germany where prices posted slightly stronger losses on forecasts of higher wind output, the European power day-ahead prices remained mostly unchanged yesterday. Less…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter
Thank you for subscribing to our newsletter​

We will get back in touch with you soon.

Don’t forget to follow us on twitter!

EnergyScan - Newsletter subscription

Don’t have an account yet?  Sign up here!

[booked-calendar]