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
February 22, 2021

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…
ES-gas
January 22, 2021

Prices down in most European markets

Prices were lower yesterday in most European gas markets, as above-normal temperatures and the easing of the tension in Asian markets exerted downward pressure. Indeed,…
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]