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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATURAL GAS
Russian gas flows entering the EU via Ukraine will likely stop by the end of this year, amid the expiry of the Russia-Ukraine pipeline deal, according to BNEF.
- However, long-term contracts with Gazprom are adding complications with the potential for financial penalties if Ukraine fails to take delivery of the agreed volumes.
- Naftogaz has a ship-or-pay deal, signed back in 2019 to take 40 Bcm per annum.
- Ukraine took just 14.6 Bcm from Gazprom in 2023, declaring an FM at its Sokhranivka transit point.
- European countries reliant on flows from this route are diversifying their supply, but Russian gas is still a large component of their imports. The most affected are Austria, Slovakia, Italy, and Moldova.
- Austria is reliant on Russia for over 90% of its supply in some months. 98% of its December gas supply came from Russia.
Source: BNEF
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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