European spot prices resumed their rise

European spot gas prices resumed their rise yesterday, mainly supported by lower pipeline supply. Indeed, Norwegian flows dropped significantly yesterday, averaging 265 mm cm/day, compared to 281 mm cm/day on Wednesday, following additional maintenance works at the Karsto terminal. As for Russian flows, they remained stable once again, at 332 mm cm/day on average.

The evolution was more mixed for curve prices, torn between the rise in coal prices and the drop in EUA prices (and at the end, parity prices with coal for power generation were slightly down).

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