Prices extended losses

Prices were down again yesterday in most European gas markets as new forecasts confirmed a warmer weather outlook for the rest of this week and next week. The slight increase in parity prices with coal for power generation (thanks to the rise in EUA prices, which offset the drop in coal prices) helped limit losses on far curve prices.

In Asia, JKM spot prices eased again, falling to €19.992/MWh yesterday, -2.59% day-on-day.

On the pipeline supply side, Norwegian flows rebounded yesterday, averaging 332 mm cm/day, compared to 324 mm cm/day on Tuesday, as the unplanned outage at the Aasta Hansteen gas field started to be resolved. Russian flows remained weak, at 300 mm cm/day on average, compared to 301 mm cm/day on Tuesday.

Share this news :

You might also read :

March 17, 2022

Markets welcome Fed rate hike

The decision was expected: the Fed raised its Fed funds rate by 25bp. It will also soon start draining liquidity from the market. It has significantly…
April 6, 2022

Mixed picture for crude prices

After a strong start, Brent prices turned slightly negative on Tuesday afternoon and touched an intraday low at $104.53/b, pressured by a stronger USD following…
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?