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 :

Prices up again, supported by an unplanned outage in Norway

Carbon prices climbed above 80€/t on reassuring ESMA’s final report

European prices down on ongoing strong LNG supply and rebound in Norwegian flows

Simplifying energy markets