Prices took a breather

Gas
June 3, 2021

European gas prices dropped yesterday, taking a breather after the previous sessions’ strong increases.

The drop in Asia JKM prices and in parity prices with coal for power generation (both EUA and coal prices were down) provided additional downward pressure.

On the pipeline supply side, Norwegian flows dropped slightly yesterday, averaging 282 mm cm/day, compared to 284 mm cm/day on Tuesday. As for Russian flows, they remained stable once again, at 332 mm cm/day on average.

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Prices took a breather

You might also read :

French strikes cause temporary decoupling in gas & power markets. Now back to normal?

Power prices dropped further while EUAs slightly recovered

Power prices strengthen further across Europe

Simplifying energy markets