Prices mixed on the spot, down on the curve

European spot gas prices were mixed yesterday, torn between conflicting fundamentals. Temperatures fell below normal, but they are expected to rise significantly from Thursday. On the pipeline supply side, due to maintenance works, Norwegian flows weakened yesterday, averaging 316 mm cm/day, compared to 323 mm cm/day on Friday. Russian flows were stable, at 323 mm cm/day on average.

The trend was more clearly bearish for curve prices, pressured by the drop in oil and coal prices (which reduced parity prices for power generation).

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