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
European gas prices increased slightly yesterday, supported by the additional drop in Norwegian supply (to 264 mm cm/day, compared to 310 mm cm/day on Monday, following another unplanned outage, at the Kollsnes gas processing plant this time). Asia JKM prices were also slightly up (+1.58% on the spot, to €67.384/MWh).
At the close, NBP ICE February 2022 prices increased by 3.170 p/th day-on-day (+1.72%), to 187.520 p/th. TTF ICE February 2022 prices were up by €1.32 (+1.72%), closing at €78.334/MWh. On the far curve, TTF ICE Cal 2023 prices were up by 17 euro cents (+0.40%), closing at €43.340/MWh.
TTF ICE February 2022 prices failed to close above the 20-day Low yesterday, instead taking support on the 5-day Low. It looks like the “normalization” process (ie the 5-day range moving inside the 20-day range) will happen on the downside. Moreover, the rebound in Norwegian supply (to 320 mm cm/day this morning) could exert downward pressure. Therefore, prices could trade today in the range between the 5-day Low and the 5-day average.
Get more analysis and data with our Premium subscription
Ask for a free trial here