March 18, 2025 14:16 GMT
MNI Commodity Analysis: Russia-Europe Flows Back on the Table
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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.
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