Prices rebound in Europe, Asian LNG prices steady above long-term oil-indexed levels
- Gas
- June 18, 2021
Falling LNG sendouts since the beginning of June in NW Europe (see the graph in our Daily Gas section) and steady gas-to-power demand notably for cooling purposes dragged European prompt gas prices higher on Thursday after two days of easing. Planned maintenance work at the Dutch Gate LNG terminal and the French Fos Cavaou LNG terminal have cut sendouts from those entry points recently and may have also played in the bullish sentiment on the prompt. Strong coal prices on the back of a Chinese coal market rally continued to be supportive for the curve with the API 2 Cal 2022 contract trading above the $80/t mark since the beginning June.
Share this news :
You might also read :
Most power spot prices continued to rise in north western Europe yesterday amid cold (although rising) temperatures and weakening wind production. The spot prices reached…
September 1, 2021
Euro area inflation at 10-year high
Confusion reigns in the markets: stocks are up in Asia despite fairly negative news on activity. Indeed, the China’s Caixin manufacturing PMI fell below 50 in…
February 13, 2023
Markets resolve to consider much less favourable scenarios
Macro & Oil Podcast #23 In this episode of the weekly EnergyScan podcast about the Macro & Oil market, Olivier Gasnier tells us about the…
Subscribe to our newsletter