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Steady Russia Supply and More from Norway

NATURAL GAS

European gas markets are steady with Russian supply unchanged. TTF down 1% to 86Є/MWh

  • Flows from Russia remain steady with supply through Ukraine via Sudzha at 44.6mcm/d and supply nominations through Nord Stream unchanged at 73.25GWH/h. The Yamal pipeline continues to flow from Germany to Poland with no output from Russia.
  • Flows from Norway rebounded over the weekend to 317.7mcm/d today after outages last week took supply down to around 300mcm/d.
  • Strong LNG flows continued into Europe and are helping to build gas storage levels faster than normal. Stocks are now up to 45.8% and only just behind the 5-year average levels.
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