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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.
NATGAS
The EU could require about 7.2bcm of gas to be sourced from the LNG market through terminals in Poland, Germany, Lithuania, and Italy to replace gas transiting Ukraine, according to Rystad Energy.
- The current transit deal between Russia and Ukraine set to expire at year end but supply disruptions may occur sooner than initially expected.
- Halting Russian gas pipeline flows via Ukraine would significantly impact the most dependent nations of Slovakia, Austria, and Moldova, importing about 3.2bcm, 5.7bcm, and 2bcm, respectively, in 2023.
- Ukraine is discussing the transit of natural gas from Azerbaijan to the EU.
- Moldova supply could reroute through reverse flows of the Trans-Balkan pipeline or from the Southern Gas Corridor in Azerbaijan, and from Turkish and Greek LNG terminals.
- Austria would pivot to imports from Germany via the Oberkappel entry point but may not be sufficient to close the 8.53bcm import gap. Austria could require imports up to 2.5bcm from Italy via the Arnoldstein-Tarvisio crossing point.
- Italy may need to source 3.75bcm for Slovakia and Austria from the Ravenna FSRU and pipeline supplies through Tunisia.
- Hungary may rely on increased gas flow through the TurkStream pipeline, with the Horgos entry point operating at maximum capacity of 9bcm/y.
Source: Rystad Energy
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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