Sharp rise in prices in Europe

European gas prices increased strongly yesterday, mainly supported by the failure (once again) of Ukrainian TSO to sell any of the interruptible capacity it offered at the Russia-Ukraine border for June delivery at yesterday’s auction. Indeed, this suggests Gazprom would maintain deliveries through Ukraine stable, at levels well below those of last year.

The rise in parity prices with coal for power generation (both EUA and coal prices were up) provided additional upward pressure.

On the pipeline supply side, Norwegian flows were slightly lower yesterday, averaging 278 mm cm/day, compared to 280 mm cm/day on Monday. As for Russian flows, they remained stable, at 332 mm cm/day on average.

ttf-cal-2022
Share this news :

You might also read :

ES-economy
February 9, 2022

US 10-year yield closes in on 2%

The US 10-year Treasury yield rose above 1.96% yesterday before easing slightly. It has not crossed 2% since July 2019; perhaps tomorrow when the January US inflation…
ES-oil
April 8, 2021

Builds across US refined product markets

Despite dwindling US crude inventories, global crude prices fell on Wednesday and remained below 63 $/b for prompt ICE Brent contracts, as surprise builds in US gasoline…
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? 

[booked-calendar]