MNI Commodity Analysis: Russia-Europe Flows Back on the Table

Mar-18 14:16By: Lawrence Toye
Natgas+ 3

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Executive Summary:

  • The start of US-Russia negotiations to end the war in Ukraine have sparked talks of increased flows of
    Moscow’s natural gas to Europe, adding pressure to TTF.
  • Russian flows transiting Ukraine are widely seen as the most likely avenue for any resumption.
  • Even in the most positive outcome for Russian gas, it is unlikely that flows will return to pre-2022 levels
    While the mood music from the White House is more dovish towards Moscow, the US and Russia have
    divergent interests in the natural gas market.