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Markets & Forecasts

Winter prices buoyed as Gazprom increases pressure on Kiev

Developments surrounding Ukraine’s debt to Gazprom for unpaid gas will remain a key driver at European hubs in the coming days Developments surrounding Ukraine’s debt to Gazprom for unpaid gas will remain a key driver at European hubs in the coming days.
By Fatima Sadouki 28 April 2014 Europe & Russia / Supply & Demand 0 24939

Developments surrounding Ukraine’s debt to Gazprom for unpaid gas will remain a key driver at European hubs in the coming days. However, the issue has had a greater effect on winter prices at the NBP and other continental hubs, with the spot value remaining pressured by comfortable levels of supply and a general lack of demand for heating.

The spot price at the NBP shed about 5 p/th over the past two weeks, ending at 48.75 p/th on 25 April. The price weakness was again attributed...