Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/befikry/energyscan.befikry.com/wp-includes/functions.php on line 6121
Prices resumed their uptrend – EnergyScan

Prices resumed their uptrend

European gas prices increased significantly yesterday, both on the spot and the curve, still supported by freezing temperatures in Europe and in Asia. An all-time record was posted on the Spanish PVB spot market, €52/MWh, a price not far from Asia spot JKM prices (€57.583/MWh yesterday, +4.14% day-on-day). Despite such huge Asian gas prices, gas-fired generation is still profitable in Japan for instance as spot baseload power prices on the Japan Electric Power Exchange are currently trading as high as €720/MWh. On the supply side, Russian flows were stable at 332 mm cm/day on average yesterday, while Norwegian flows eased to 325 mm cm/day due to process problems at the Troll field.

Share this news :

You might also read :

ES-economy
March 17, 2022

Markets welcome Fed rate hike

The decision was expected: the Fed raised its Fed funds rate by 25bp. It will also soon start draining liquidity from the market. It has significantly…
ES-economy
April 14, 2022

Easing monetary policy in sight in China

The release of the US CPI figures showed a further acceleration in the inflation rate in March 2022 at 8.5% yoy, which was the largest year-on-year…
ES-economy
February 16, 2021

Ever higher

Global stocks continue to rise and so do commodity prices and bond yields, while the Bitcoin is nearing $50000. Risky assets are pushed higher by…
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? 

[booked-calendar]