European prices weakened

  • Gas

European gas prices dropped yesterday, pressured by the (slight) upward revision of temperatures for this week. The drop in parity prices with coal for power generation (thanks to lower EUA prices) provided additional downward pressure, particularly for curve prices.

On the pipeline supply side, Norwegian flows increased slightly yesterday, at 340 mm cm/day on average, compared to 337 mm cm/day on Friday. Russian flows were also higher, averaging 326 mm cm/day, compared to 320 mm cm/day on Friday.

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May 6, 2022

Prices maintain their uptrend

European gas prices maintained their uptrend overall yesterday, supported by the additional rise in coal prices: +3.20% for API2 1st nearby prices; +3.04% for Cal 2023 prices.…
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