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 :

You might also read :

ES-oil
March 25, 2021

Sharp rebound in crude oil prices

Brent 1st-nearby prices posted a $4/b gain yesterday. WTI prices did about the same. They respectively ended the day above $64.5/b and $61.2/b, therefore erasing…
ES-economy
February 25, 2021

Rather say it twice than once

Optimism was back with a vengeance on markets yesterday and the trend was confirmed in Asia overnight: stocks on the rise despite bond yields reaching…
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? 

[booked-calendar]