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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 17, 2021

Prices up again, on the spot and the curve

European spot gas prices increased again on Friday, still supported by below-normal temperatures and relatively weak pipeline supply. Indeed, although Norwegian flows firmed up on…
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