Prices dropped again, in Europe and in Asia

European gas prices dropped again yesterday, still pressured by expectations of higher temperatures and stronger LNG supply to Europe in the coming days. The drop in parity prices with coal for power generation (thanks to the drop in EUA prices) provided additional downward pressure, particularly for far curve prices.

In Asia, JKM spot prices eased again, falling to €19.549/MWh yesterday, -2.21% day-on-day.

On the pipeline supply side, Norwegian flows returned to normal, averaging 340 mm cm/day, compared to 332 mm cm/day on Wednesday, as the unplanned outage at the Aasta Hansteen gas field seems to have been totally resolved. Russian flows remained stable at relatively weak levels, at 302 mm cm/day on average, compared to 301 mm cm/day on Wednesday.

ttf-cal-2022-12
Share this news :

You might also read :

ES-economy
December 15, 2021

Fed day

The Fed meeting today is clouding all other market events, as inflation pressures have now been acknowledged by Powell and most US central bankers. Indeed,…
ES-economy
February 15, 2022

Growing concern

The markets are on tenterhooks, watching for the slightest signal that tensions with Russia are easing or that an invasion of Ukraine is imminent. Equity markets fell…
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]