Global Commodities: Global Natural Gas: Increased Russian pipeline gas to Europe?

Commodities

426 Views10 Feb 2025 16:59

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SUMMARY

Debate surrounding potential increase in Russian pipeline gas to Europe, with uncertainty of timing and magnitude of flows
Russia, Ukraine, Europe, and the US all have vested interests in potential negotiations for increased pipeline gas flows
Impact on European natural gas balance and global gas balance if increased Russian pipeline flows were to manifest, with current base case price forecast for TTF market in 2025 and 2026 without embedding increase in Russian natural gas flows

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