Prices rebounded yesterday in most European gas markets as participants began to be more sensitive to supply issues. The combined effect of reduced US LNG feedgas due to historic freeze-off in some producing regions and lower pipeline supply is now raising concerns. Although Norwegian flows continued to recover, averaging 321 mm cm/day yesterday, compared to 318 mm cm/day on Wednesday, they are still well below the 338 mm cm/day of Monday. Russian flows on their side were down again, at 295 mm cm/day on average, compared to 297 mm cm/day on Wednesday, significantly below the 371 mm cm/day on average of December 2020. The rise in coal and EUA prices (which increased parity prices with coal for power generation) provided additional upward pressure.
Get more analysis and data with our Premium subscription
Ask for a free trial here
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
We will get back in touch with you soon.
Don’t forget to follow us on twitter!