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NATGAS: SOCAR Fails to Mediate Ukraine Gas Transit Deal

NATGAS
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Russia and Ukraine have failed to agree on an Azerbaijani brokered gas deal to keep flows going after the current deal expires in days   a SOCAR source said to Reuters.

  • Europe and Ukraine had asked Azerbaijan to try and broker a deal but Putin said on Thursday no deal was planned, sending TTF higher. The deal has been in discussion for over a year the source said.
  • Zelensky also highlighted reluctance to facilitate any deal that allowed Russia to generate revenue, making it highly unlikely to find any progress.
  • Ukrainian PM Denys Shmyhal said transit could only resume for non-Russian gas, if requested by the European Commission.
  • The SOCAR headline added a little more support for TTF on Friday. The contract has proved reactive to the majority of transit related headlines in recent months.
  • TTF JAN 25 up 1.4% at 43.67€/MWh
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Russia and Ukraine have failed to agree on an Azerbaijani brokered gas deal to keep flows going after the current deal expires in days   a SOCAR source said to Reuters.

  • Europe and Ukraine had asked Azerbaijan to try and broker a deal but Putin said on Thursday no deal was planned, sending TTF higher. The deal has been in discussion for over a year the source said.
  • Zelensky also highlighted reluctance to facilitate any deal that allowed Russia to generate revenue, making it highly unlikely to find any progress.
  • Ukrainian PM Denys Shmyhal said transit could only resume for non-Russian gas, if requested by the European Commission.
  • The SOCAR headline added a little more support for TTF on Friday. The contract has proved reactive to the majority of transit related headlines in recent months.
  • TTF JAN 25 up 1.4% at 43.67€/MWh