EnergyScan

Mixed European prices

European gas prices were mixed again yesterday, torn between the opposite effects of warmer weather and higher storage injection needs due to weak stock levels.

The increase in Asia JKM prices and parity prices with coal for power generation (thanks to strong EUA prices) provided some support, particularly for curve prices, but profit taking contributed to limit the bullish impact.

On the pipeline supply side, Russian flows were very slightly down yesterday, at 329 mm cm/day on average, compared to 330 mm cm/day on Tuesday. Norwegian flows were slightly down, averaging 301 mm cm/day, compared to 304 mm cm/day on Tuesday (still significantly below the maximum of 348 mm cm/day of early April).

mixed-european-prices
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-gas
March 18, 2021

European prices rebounded

Prices rebounded yesterday in most European gas markets, supported by higher heating demand due to below-normal temperatures and lower pipeline supply. Indeed, due to maintenance…
ES-economy
March 31, 2022

Decline of activity in China

The price of Brent 1st-nearby, which had risen to almost $115/b yesterday, has since fallen back below $110/b, after even falling below $108/b. Yesterday’s rebound was due…
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]