European gas prices keep their uptrend

European gas prices were generally up again last Thursday, supported by falling temperatures and lower Norwegian supply.

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Indeed, due to an unplanned outage at the Oseberg gas field, Norwegian flows dropped significantly on Thursday, averaging 314 mm cm/day, compared to 337 mm cm/day on Wednesday. Russian flows were slightly down, at 327 mm cm/day on average, compared to 329 mm cm/day on Wednesday.

Yesterday, Russian flows were slightly lower, at 325 mm cm/day on average. Norwegian flows rebounded to 348 mm cm/day on average.

Source: Engie EnergyScan

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