EnergyScan

Prices extended losses

European gas prices dropped sharply yesterday, pressured by milder weather forecasts and expectations of higher LNG supply as the Asia-Europe gas spread has narrowed significantly. The drop in coal and EUA prices provided additional downward pressure as it reduced parity prices with coal for power generation.

In Asia, system baseload spot power prices on the Japan Electric Power Exchange for delivery today increased to €65/MWh, compared to €52/MWh for delivery on Monday, still far below the record levels of early January. By contrast, JKM spot prices extended losses, falling to €25.465/MWh yesterday, -5.15% day-on-day.

On the pipeline supply side, Russian flows remained stable yesterday, at 318 mm cm/day on average, still significantly below the 371 mm cm/day on average of December 2020. Norwegian flows were down, averaging 335 mm cm/day, compared to 343 mm cm/day on Friday.

ttf-cal-2022-02
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-economy
November 30, 2021

I have good and bad news…

I’ll start with the bad one as it explains the relapse of risky assets after yesterday’s rebound: Brent crude oil price close to $70/b, US 10-year yield below…
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?  Sign up here!

[booked-calendar]