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European prices stable on the spot, slightly up on the curve – EnergyScan

European prices stable on the spot, slightly up on the curve

European spot gas prices were rather stable yesterday, the impact of cold weather being offset by the rise in pipeline supply. Indeed, Yamal flows came back to normal, which pushed total Russian supply to 329 mm cm/day on average yesterday, compared to 308 mm cm/day on Tuesday. As for Norwegian flows, they increased slightly, averaging 308 mm cm/day, compared to 303 mm cm/day on Tuesday (but significantly below the 344 mm cm/day of last week).

Curve prices were more clearly (slightly) up, supported by the slight increase in parity prices with coal for power generation (thanks to higher coal prices)

On the pipeline supply side, thanks to the rise in Yamal flows, Russian supply was up yesterday, at 308 mm cm/day on average, compared to 300 mm cm/day on Monday, but still below the pre-outage level of 324 mm cm/day. As for Norwegian flows, due to planned maintenance works, they weakened again, averaging 303 mm cm/day, compared to 310 mm cm/day on Monday.

 
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