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.

Share this news :

You might also read :

May 4, 2022

Chinese prospects drive the market down

Oil prices slid on Tuesday, ICE Brent lost 2.4% to end at $104.97/b. NYMEX WTI went 2.6% down to settle at $102.41/b.Market participants continue to…
March 21, 2022

The price recovery continues

Brent 1st-nearby is approaching $112/b this morning. Concerns about Russian oil flows have been compounded by a new episode of tension in the Middle East, with…
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?