Prices extended gains

European gas prices extended gains on Friday, as market participants continued to focus on the strong rise in heating demand due to the unexpected drop in temperatures. On the pipeline supply side, Norwegian flows increased on Friday, at 337 mm cm/day on average, compared to 329 mm cm/day on Thursday. Russian flows were also higher, averaging 314 mm cm/day, compared to 311 mm cm/day on Thursday.

The rise in Asia JKM prices and parity prices with coal for power generation (particularly because of the sharp rise in EUA prices) provided additional upward pressure, particularly for curve prices.

ttf-cal-2022
Share this news :

You might also read :

ES-economy
July 5, 2021

Not too hot, not too cold

Perfect! That was markets’ reaction after the release of the US job report showing higher-than-expected job creation, enough to be reassuring on growth, but not…
ES-oil
January 26, 2022

Oil prices on the rise again

The price of Brent crude oil has risen by $2/b from yesterday morning and is now trading at $88.5/b, despite the further decline in US…
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]