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 :

January 18, 2023

Is the peak of the energy crisis behind us?

The EnergyScan team held its quarterly webinar covering key trends and events on energy markets. In this webinar, our experts addressed the following topics, with…
ES-economy
January 27, 2021

Classic pause ahead of the Fed

No clear trend on financial markets: from one day to another, the European and US stock markets continue to go in opposite directions. Bond yields…
ES-oil
December 21, 2021

Libyan force majeure

Crude prices continued to be under pressure during yesterday’s intraday session but remained above 71 $/b at the prompt. Lybian exports were curtailed by the…
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]