What’s happening? Russia’s Gazprom Export has been making record high sales on its Electronic Sales Platform (ESP) so far in June, with average sales reaching almost 230 million cu m/d. While sales to its long-term contract holders in Europe are expected to fall this year, the ESP is offering the option to the market to buy alternative Russian gas during the daily auctions.....MORE
What’s next? A large amount of gas sold in recent weeks is for delivery in Q3 to Slovakia. This suggests market players are securing Russian gas volumes for delivery to the Slovakian virtual trading point with a view to then send to Ukraine for storage....
HT: ZH
