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Health supply continues to weigh on prices - 21-01-2022

Close price: Modest gains in prices to close yesterday, with summer months seeing the most gains due to the Yamal pipeline still reversing flows away from Germany. This may add further stress to storage injection season in the summer months.

Open price: Prices were slightly down on open, with supply strong to meet demand, despite to colder weather. Flows from Norway are almost back to full capacity following the recent outages. Near term prices are however now up, with fears over Russian Ukraine tensions still ongoing in the background.