Prices resumed their uptrend

European gas prices increased significantly yesterday, both on the spot and the curve, still supported by freezing temperatures in Europe and in Asia. An all-time record was posted on the Spanish PVB spot market, €52/MWh, a price not far from Asia spot JKM prices (€57.583/MWh yesterday, +4.14% day-on-day). Despite such huge Asian gas prices, gas-fired generation is still profitable in Japan for instance as spot baseload power prices on the Japan Electric Power Exchange are currently trading as high as €720/MWh. On the supply side, Russian flows were stable at 332 mm cm/day on average yesterday, while Norwegian flows eased to 325 mm cm/day due to process problems at the Troll field.

Share this news :

You might also read :

ES-gas
October 6, 2021

Prices jumped to new highs

European gas prices increased again strongly yesterday, supported by ongoing concerns on supply scarcity, to which has been added the downward revision of temperatures forecasts…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter
Thank you for subscribing to our newsletter​

We will get back in touch with you soon.

Don’t forget to follow us on twitter!

EnergyScan - Newsletter subscription

Don’t have an account yet? 

[booked-calendar]