Spanish Forward Gas Update – 19/02/2021
On the last day reported on the Spanish forward gas market (February 18th), reference prices increased in all maturities due to the upward pressures in European gas markets.
On the 18th, 62.9 GWh were traded for delivery in Mar-21. There were no exchanges reported in longer-term contracts.
Regarding reference prices:
Mar-21 price moved up to 16.43 €/MWh (+0.43 €/MWh).
Q2-21 price went up to 16.72 €/MWh (+0.51 €/MWh).
Cal-22 price increased to 17.91 €/MWh (+0.28 €/MWh).
On the 18th, Brent barrel price was 63.93 $/bbl (-0.41 $/bbl) and CO2 Dec-21 price moved up to 38.32 €/t (+0.23 €/t).
On the European gas markets: on the 18th TTF MA price increased to 17.36 €/MWh (+0.81 €/MWh) and PEG MA price went up to 16.97 €/MWh (+0.59 €/MWh). TTF Cal-22 was 16.93 €/MWh (+0.24 €/MWh).