20 November 2025

PPA and GPA Pricing Update w/c 10th November 2025

 PPA and Green Gas markets start the week flat to Friday’s closing levels. 

  • On the gas side Norwegian sector pipeline flows continue to be below seasonal averages at around 325 mcm.
  • As we move through the week temperatures are expected to rise to well above seasonal norms with strong winds expected.
  • However, forecasts have been revised colder for next week, pointing to a sharp temperature drop over the weekend.
  • France continues to see strong nuclear availability resulting in displaced volumes entering the UK market via interconnectors.
  • In the Ukraine it has been announced that it will increase its gas purchases from Poland after Russian attacks wiped out almost 70% of its domestic production.
      • This gas will be sourced from imports of US liquefied natural gas.
      • Poland has so far this year sent more than 500 mcm of US LNG to Ukraine via pipeline.