Prices down on the spot and the curve

European spot gas prices continued their up and down movements yesterday, dropping after the rise of the previous session. On the pipeline supply side, Norwegian flows were almost stable yesterday, at 264 mm cm/day on average, compared to 263 mm cm/day on Monday. The same for Russian flows, which averaged 332 mm cm/day, compared to 331 mm cm/day on Monday.

Curve prices were also lower as the drop in parity prices with coal for power generation (both EUA and coal prices were down) provided additional downward pressure.

TTF day ahead and month ahead (1st nearby) prices
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