Strong rise in European prices

European gas prices increased significantly yesterday as Ukrainian TSO failed to sell any of the total 63.7 mm cm/day interruptible capacity offered for May at the Sudzha interconnection point on the Russian-Ukrainian border. Gazprom not having booked any additional capacity, there is a risk that Russian flows at Velke Kapusany, at the Ukrainian-Slovakian border, will remain low (77 mm cm/day on average in April 2021 so far, compared to 107 mm cm/day in April 2020 and 108 mm cm/day in May 2020).

The rise in Asia JKM prices and parity prices with coal for power generation provided additional upward pressure.

On the pipeline supply side, Russian flows were slightly up yesterday, at 330 mm cm/day on average (of which 77 mm cm/day at Velke Kapusany), compared to 328 mm cm/day on Monday. Norwegian flows were slightly down, averaging 298 mm cm/day, compared to 300 mm cm/day on Monday

Share this news :

You might also read :

February 4, 2021

European spot and near curve prices down

European spot and near curve gas prices dropped yesterday, still pressured by mild weather and weaker Asian prices. By contrast, prices on far curve were…
July 23, 2021

EUAs fell near 50€/t on profit taking

The power spot prices remained steady at 88.30€/MWh on average in Germany, France, Belgium and the Netherlands (+0.60€/MWh day-on-day) amid expectations of mostly unchanged fundamentals…
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?