Mixed price evolution

European gas prices were mixed on Friday. Lower residential gas demand due the sharp rise in temperatures and higher pipeline supply exerted downward pressure on spot prices. Indeed, Norwegian flows rebounded significantly on Friday, averaging 285 mm cm/day, compared to 265 mm cm/day on Thursday, after capacity at the Karsto gas processing plant recovered. As for Russian flows, they remained stable once again, at 332 mm cm/day on average.

By contrast, curve prices were more resilient. Ignoring the drop in parity prices with coal for power generation (both EUA and coal prices were down), they benefited from a technical rebound.

Mixed price evolution
Share this news :

You might also read :

ES-oil
January 19, 2022

DUCs at rock bottom

Japanese refining scaled back in the first weeks of January to 2.86 mb/d while we expected runs to remain at 2.95 mb/d. Crude inventories rose by 3…
ES-economy
May 20, 2022

Lower credit rates in China

The yo-yoing continues on the markets: after a new decline in the equity markets yesterday and a sharp drop in long term rates (10 years…
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? 

[booked-calendar]