Commodity Market Report
Global gas & LNG weekly summary: 25 February 2022
Report summary
TTF surges after Russia launches missile strikes in Ukraine Despite warmer than normal weather in Europe, TTF rose 55% this week after Russian forces invaded Ukraine and eventually launched missile and air strikes Thursday morning. The rally started amid news that the Kremlin wasn’t committing to a summit meeting between President Biden and President Putin. It gained steam when Russia recognised two areas in eastern Ukraine, Donetsk and Luhansk, as so-called independent states. In response, on Tuesday, the German government announced it was halting the certification of the 55 bcm Nord Stream 2 pipeline. The same day, Putin vowed in a speech that Gazprom’s flows to Europe would not be disrupted. Prices made their largest moves on Thursday after missile strikes were first reported.
Table of contents
- TTF surges following Russia/Ukraine conflict
- Download the PDF and Excel datapack in the reports download section
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- Prices as of 24 February 2022
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