Sharp increase in European prices

European gas prices increased sharply yesterday, supported by cold weather and weak pipeline supply. Indeed, although they increased yesterday to 300 mm cm/day on average, compared to 286 mm cm/day on Friday, Russian flows were still below the 324 mm cm/day of Thursday as Yamal flows remained below their pre-outage level. As for Norwegian flows, due to planned maintenance works, they dropped again, averaging 310 mm cm/day, compared to 327 mm cm/day on Friday.

The rise in parity prices with coal for power generation (both EUA and coal prices were up) provided additional upward pressure, particularly on curve prices.

ttf-cal-2022
Share this news :

You might also read :

ES-oil
November 29, 2021

Bloody Friday

The crude futures market experienced a huge drawdown on Friday of close to 13% intraday, as the news that the omicron COVID variant was spreading…
ES-oil
February 25, 2022

High volatility in oil prices

The price of a barrel of Brent crude oil rose yesterday to almost $106, before falling back below $98 and then finally rising back to…
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]