Slight price rebound in Europe

European gas prices rebounded slightly yesterday as the bullish impact of higher EUA and coal prices (which increased parity prices with coal for power generation) prevailed over the bearish impact of (current) mild weather and weaker Asian prices. Indeed, JKM spot prices extended losses, falling to €23.106/MWh yesterday, -5.24% day-on-day.

On the pipeline supply side, Russian flows were down yesterday, at 303 mm cm/day on average, compared to 307 mm cm/day on Wednesday. But, Norwegian flows were up, averaging 341 mm cm/day, compared to 330 mm cm/day on Wednesday.

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

You might also read :

November 26, 2021

EUAs finally reached 75€/t

The power spot prices faded in northwestern Europe yesterday, driven down by forecasts of stronger wind output despite the colder temperatures. The day-ahead prices averaged…
January 4, 2022

Production ramp up likely

The OPEC+ group meets today, after a meeting gather OPEC core members yesterday. The joint technical committee, responsible for the perspective view of the OPEC…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter
Thank you for subscribing to our newsletter​

We will get back in touch with you soon.

Don’t forget to follow us on twitter!

EnergyScan - Newsletter subscription

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