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.
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- 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.
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