Nord Stream 2 shelved by Germany

Focus week 8: The diplomatic situation surrounding the crisis in Eastern Europe is escalating further, and Germany has now put an end, temporarily at least, to the Nord Stream 2 pipeline.

23 helmikuun, 2022

Here and now

We have experienced a week of very small price fluctuations in the Nordic forward market. The weather forecasts remain erratic, with mostly mild weather for the rest of February and precipitation volumes and wind levels varying from day to day. During the course of the week, both the gas market and German electricity prices experienced price falls as a result of growing hopes of a diplomatic solution to the crisis in Ukraine, but uncertainty remains substantial after Germany shut down the Nord Stream 2 approval process. Both the Q2-22 and 2023 contracts in the Nordic market closed marginally higher than last week on Monday.

Read Focus here.

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