EnergyScan

European spot prices slightly up on lower Russian flows

European spot gas prices were mixed on Friday, receiving a slight support from lower pipeline flows. Indeed, Russian flows dropped significantly on Friday, at 286 mm cm/day on average, compared to 324 mm cm/day on Thursday, following a partial interruption of Yamal flows (which finally averaged 42 mm cm/day on the day, down from 81 mm cm/day on Thursday). Due to planned maintenance works, Norwegian flows were also lower, averaging 327 mm cm/day, compared to 336 mm cm/day on Thursday.

Curve prices were more clearly down, continuing their downtrend and ignoring the slight increase in parity prices with coal for power generation

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