EnergyScan

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 :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-economy
February 15, 2022

Growing concern

The markets are on tenterhooks, watching for the slightest signal that tensions with Russia are easing or that an invasion of Ukraine is imminent. Equity markets fell…
ES-gas
November 26, 2021

Slight price drop

Amid unchanged fundamentals, European gas prices weakened slightly overall yesterday. The (moderate) drop in Asia JKM prices (-1.91%, to €107.482/MWh, on the spot) helped accompany…
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!

[booked-calendar]