EnergyScan

European prices weakened

European gas prices weakened yesterday, both on the spot and the curve, pressured by the expected rise in temperatures above normal next week. The drop in parity prices with coal for power generation (thanks to lower EUA prices) provided additional downward pressure, particularly on curve prices.

On the pipeline supply side, thanks to the rise in Yamal flows, Russian supply was up yesterday, at 308 mm cm/day on average, compared to 300 mm cm/day on Monday, but still below the pre-outage level of 324 mm cm/day. As for Norwegian flows, due to planned maintenance works, they weakened again, averaging 303 mm cm/day, compared to 310 mm cm/day on Monday.

 
ttf-cal-2022
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-oil
August 30, 2021

Ida’s aftermath

The oil market was focused on the Ida hurricane making landfall yesterday, strengthening to a Category 4 hurricane with winds reaching 240 km/h in key areas…
ES-oil
January 21, 2022

Nymex Heating oil temporarily scales back

The EIA data release continued to show a weekly deficit in US total stocks despite builds in commercial crude and gasoline inventories. Still, implied demand…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?  Sign up here!

[booked-calendar]