Mixed European prices

Gas
May 25, 2021

European gas prices were mixed yesterday: rather bearish on the spot on the back of the increase in pipeline supply and the drop in Asia JKM prices, slightly up on the far curve thanks to the rise in parity prices with coal for power generation (both EUA and coal prices were up).

On the pipeline supply side, Norwegian flows rebounded yesterday, averaging 280 mm cm/day, compared to 263 mm cm/day on Friday. As for Russian flows, they remained stable, at 332 mm cm/day on average.

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Mixed European prices

You might also read :

Financial markets remain focused on the US stimulus package

Prices up on lower Russian supply and geopolitical tensions

Chinese runs surprise to the upside

Simplifying energy markets