Prices continued to correct downward
European gas prices continued to correct downward yesterday, further reducing their premium over parity prices with coal for power generation. They ignored the additional drop…
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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