Prices extended gains

European gas prices extended gains on Friday, mainly supported by the drop in temperatures below normal, a situation now expected to last until at least the middle of this week.

The rise in Brent, JKM and parity prices with coal for power generation (the increase in EUA prices offset the drop in coal prices) provided additional support, particularly for curve prices.

On the pipeline supply side, Norwegian flows rebounded on Friday, averaging 323 mm cm/day, compared to 313 mm cm/day on Thursday. Russian flows were slightly up, at 324 mm cm/day on average, compared to 323 mm cm/day on Thursday.

Share this news :

You might also read :

ES-gas
June 21, 2021

TTF month-ahead prices hit a new 12-year high

The benchmark TTF ICE month-ahead contract (July 21) reached its highest level since October 2008 at €29.40/MWh at the close on Friday, supported by planned outages…
ES-oil
February 15, 2022

All eyes on Russia and Ukraine

Oil prices remain stuck at their highs, around $96/b for Brent 1st-nearby. The market is fully focused on what is happening on the Russian-Ukrainian border. The…
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]