EnergyScan

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 :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-oil
November 9, 2021

Summarising Biden’s toolbox

Crude prices remained stable, hovering around 83.5 $/b for the January ICE Brent contract. Expectations of a response from the US administration raised uncertainty in…
ES-oil
September 8, 2021

No clear trend in crude oil prices

After approaching $73/b yesterday, the price of Brent 1st-nearby fell sharply to $71.11/b, but is already back above $72/b. In short, the market seems to be without a…
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]