Prices rebounded

With fundamentals almost unchanged, European spot gas prices rebounded yesterday, keeping their bullish trend. On the pipeline supply side, Norwegian flows increased to 263 mm cm/day on average yesterday, compared to 237 mm cm/day on Friday. As for Russian flows, they were stable, averaging 329 mm cm/day.

Curve prices were also higher. Ignoring the slight drop in parity prices with coal for power generation (the drop in coal prices offset the rise in EUA prices), they seem to have been mainly supported by technical buying after the strong drop on Friday.

Share this news :

You might also read :

January 3, 2022

Omicron and inflation

There was little change in the financial markets last week. Equity markets ended the year near their highs, long rates continued their very slow rise…
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?¬†