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Step 1
Heat the butter in a saucepan over medium-high heat until melted. Add the shallots and saute for around 4 minutes until softened (but not browned).
Step 2
Pour the champagne into the pan and increase the heat to high. Simmer until the liquid has reduced by half (around 5-8 minutes).
Step 3
Add the fish stock to the pan and bring it back to a simmer. Again, reduce by half (around 5-8 minutes).
Step 4
Stir the cream and parsley into the sauce and simmer for around 5 more minutes, until the sauce has fully combined and thickened. Season to taste.
Step 5
Serve with fish or shellfish.