Global gas prices correct downwards

Gas
July 5, 2021

European and Asian gas prices retraced some of their strong gains recorded earlier in the week on Friday. Spot prices also weakened slightly on the back of a long UK gas system, rising Norwegian production due to a reduced maintenance impact and prospects of higher sendouts from French LNG imports terminals. On the curve, the TTF Q4 21-Q1 22 spread moved further high in positive territory, highlighting strong concerns over an extended storage injection period inEurope to refill depleted stocks.

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Global gas prices correct downwards

You might also read :

Bond yields keep on rising, the USD follows

Financial markets regain some composure

Slight easing in bond yields despite increasing signs of inflationary pressures

Simplifying energy markets