European prices down
European gas prices weakened on Friday, more sensitive to warmer weather than to relatively weak pipeline supply. Indeed, while Norwegian flows continued to recover, averaging…
European spot gas prices extended gains overall yesterday. In addition to above-normal demand, lower pipeline supply contributed to tighten gas systems further. Indeed, due to several additional maintenance works, Norwegian flows dropped to 282 mm cm/day yesterday, compared to 302 mm cm/day on Tuesday. Russian flows remained stable at 331 mm cm/day on average.
Curve prices were also higher, supported by the rebound in parity prices with coal for power generation (both EUA and coal prices were up) and technical buying.
Get more analysis and data with our Premium subscription
Ask for a free trial here