EnergyScan

Most European prices down again yesterday

Prices were down again yesterday in most European gas markets (to the exception of Spain PVB prices). The drop seems to have been triggered by expectations of warmer temperatures. The easing of tension on Asian markets (baseload spot power prices on the Japan Electric Power Exchange were stable yesterday at €775/MWh) also exerted downward pressure.

On the pipeline supply side in Europe, Russian flows were stable yesterday, at 317 mm cm/day on average. Norwegian flows were up, averaging 342 mm cm/day, compared to 330 mm cm/day on Friday, with the issue at the Oseberg gas field having been resolved over the weekend.

ttf-cal-2022
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-gas
July 13, 2021

Sharp downward correction

Prices dropped significantly yesterday in most European gas markets, pressured by higher supply and technical selling. Indeed, Russian supply rebounded to 310 mm cm/day on…
ES-economy
February 4, 2022

Markets shaken by BoE and ECB meetings

The BoE raised its base rate by 25bp, which was expected. What was less expected was that it almost raised it by 50bp and announced that it…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter
Thank you for subscribing to our newsletter​

We will get back in touch with you soon.

Don’t forget to follow us on twitter!

EnergyScan - Newsletter subscription

Don’t have an account yet?  Sign up here!

[booked-calendar]