European prices up on the spot and the curve

  • Gas

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.

TTF-cal-2022
Share this news :

You might also read :

ES-gas
March 7, 2022

Prices rose to all-time highs

European gas prices rose to new all-time highs on Friday. Although Russian supply continues to flow (even increasing to 267 mm cm/day on average on…
ES-oil
February 23, 2022

Brent almost hit $100/b

Brent crude oil hit $99.5 a barrel yesterday before settling back down to $97/b. As we explain in the Daily Eco, the sanctions imposed by the US…
ES-economy
June 14, 2021

The market is waiting for the Fed now

Equity markets remain on an upward trend and bonds are trading near their recent highs (yields near their lows). A key consumer survey showed lower…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]