Prices up on the spot, down on the far curve

European spot gas prices rebounded on Friday, supported by higher residential demand and weak pipeline supply. Indeed, Norwegian flows weakened again, averaging 263 mm cm/day, compared to 266 mm cm/day on Thursday, due to unplanned works at the Oseberg field. As for Russian flows, they remained stable, at 332 mm cm/day on average.

The rise in spot prices spread slightly to near curve prices. By contrast, far curve prices were down, pressured by the drop in EUA prices, which reduced parity prices with coal for power generation.

Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

July 27, 2021

European prices up again

European spot gas prices increased yesterday, supported mainly by lower Norwegian supply. Indeed, Norwegian flows were significantly down, averaging 275 mm cm/day, compared to 309…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?  Sign up here!