# Prices torn between comfortable spot fundamentals and concerns on Russian supply – EnergyScan

> European spot gas prices fell sharply on weak demand and strong LNG supply, while pipeline flows from Norway and Russia stayed stable. The TTF June 2022 contract closed down 4.5% at €101.708/MWh, and NBP fell 17.3%.

- Date: 2022-05-09 · published 2022-05-09T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/12159-prices-torn-between-comfortable-spot-fundamentals-and-concerns-on-russian
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Comfortable spot supply pushed prices lower, but Russian supply concerns kept the forward curve from falling further. Gas prices set the cost of nitrogen fertilizer and drying for feed.

## Read by commodity

- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2022-05-09 | 1 | -8.2% | -3.0 | Same-day European gas weakness (TTF -4.5%, NBP -17.3%) on weak demand and strong LNG supply lowered global gas price signals and the pull on US LNG. |

## Sources

- energyscan.engie.com: https://energyscan.engie.com/daily-news/gas/prices-torn-between-comfortable-spot-fundamentals-and-concerns-on-russian-supply/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.