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).

Share this news :

You might also read :

October 18, 2021

EUAs retreated alongside the gas market

Despite a strong retreat of clean gas costs, the European power spot prices rose towards 200€/MWh for today, buoyed by forecasts of rather weak wind…
May 12, 2021

TTF year-ahead prices breach the €22/MWh level

Prospects of below-average temperatures in the coming two weeks, a tight supply picture and soaring coal and EUA prices pushed European gas prices further high on Tuesday. The coal API…
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?