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).

ttf-cal-2022-09
Share this news :

You might also read :

February 20, 2023

Global fears of inflation back on the rise

Macro & Oil Podcast #25 The publication of much higher than expected US inflation numbers last week prompted the market to re-evaluate the efficiency of…
ES-gas
September 22, 2021

European prices weakened slightly

European gas prices weakened slightly yesterday, despite the further rise in Asia JKM prices (+8.10% on the spot, to €80.761/MWh, +1.27% for the November 2021…
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]