Prices dropped as transit through the Suez Canal resumed

  • Gas

European gas prices dropped yesterday, both on the spot and the curve, pressured by the resumption of shipping flows through the Suez Canal after the Ever Given container vessel was successfully freed.

On the pipeline supply side, due to an unplanned outage at the Kollsnes gas processing plant, Norwegian flows weakened further, falling to 312 mm cm/day on average yesterday, compared to 329 mm cm/day on Friday. Russian flows were stable, averaging 328 mm cm/day.

ttf-cal-2022
Share this news :

You might also read :

ES-oil
December 7, 2021

Physical trade boost

Crude prices climbed back above 74 $/b at the prompt, confirming that the liquidation experienced last week could be short-lived. Indeed, geopolitical risk in Saudi…
ES-economy
November 18, 2021

A further rate cut is expected in Turkey

It is almost certain that the Turkish Central Bank will announce a 3rd consecutive and significant rate cut today (-100 to -150bp). Since September, the key rate…
ES-economy
December 22, 2021

Roller coaster in Turkey

The Turkish currency has rebounded strongly against the USD since the beginning of the week (+40% from Monday’s low) thanks to a disguised rate increase. The government…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]