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 :

In a very volatile session, European prices posted further strong gains

Sharp rise in interest rates and fall in the US dollar

When the bad can be good

Simplifying energy markets