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-oil
April 12, 2021

Mobility goes down in Europe and India

ICE Brent crude prompt contract remained under pressure, at 62.7 $/b, as gloomier economic prospects and low volatility dented financial flows in the market, with…
ES-oil
January 14, 2022

Rally in diesel markets

The rally in the diesel market is finally materializing as European distillate cracks rose strongly this week, reaching 14 $/b for ICE Gasoil cracks – despite…
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]