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What’s going on with Russian gas?

11:52 AM 25 July 2022
  • Russian gas flows to Germany to a very limited extent
  • Gazprom informs that after the installation of the "famous" turbine, the gas will be able to flow at its full capacity
  • On the other hand, lot of uncertainties still prevails like "lost conservation papers" or parts that require restoration by Siemens
  • Ifo reports that if gas continues to flow to Germany,  recession could be avoided
  • Russia points out that it does not want to fully cut off Europe from gas

Despite the fact that gas is flowing to Europe and the risk of an energy crisis weakened, the TTF gas price in the Netherlands hoveres around EUR 150-160 / MWh.

NATGAS - buyers managed to defend major support at $8.20, which coincides with 23.6% Fibonacci retracement of the upward wave launched at the end of 2021. As long as price sits above another upward impulse towards recent highs at $9.65. Source: xStation5

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