EnergyScan

Prices down on rebound in Norwegian flows

European spot gas prices dropped on Friday, mainly pressured by the increase in Norwegian supply. Indeed, following the (delayed) start-up of Troll, Norwegian flows rebounded to 237 mm cm/day on Friday, compared to 210 mm cm/day on Thursday. As for Russian flows, they increased to 329 mm cm/day on average, compared to 323 mm cm/day on Thursday.

Curve prices were also lower, more sensitive to the drop in parity prices with coal for power generation (thanks to lower EUA prices) than to the rise in Asia JKM prices.

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