• Forward Market     Feb 08, 2021

Spanish Forward Gas Update – 08/02/2021

Spanish spot gas prices move up due to increasing European gas prices and higher demand.

Volume traded in DA contracts for delivery on the 8^th amounts to 17.8 GWh. Total spot volumes traded on MIBGAS for delivery on the 7^th amounted to 106 GWh, 9.9% of daily demand.

Spanish DA reference price for the 8^th moves up to 18.00 €/MWh (+0.15 €/MWh) with respect to previous Friday. Intraday auction price for the 8^th increases to 18.80 €/MWh (+0.51 €/MWh).

Demand forecast for the 8^th increases to 1,068 GWh (+20 GWh) with respect to previous Friday. Conventional demand goes up to 1,001 GWh (+82 GWh) and power sector demand moves down to 67 GWh (-62 GWh).

On the 5^th, LNG inflows were 45.3% of total supply. There were no inflows from France.

On the European gas markets: TTF end of day price for the 8^th increases to 18.44 €/MWh (+0.22 €/MWh) and PEG price moves up to 18.22 €/MWh (+0.31 €/MWh).

---