Downward Price Pressure on Green Gas and PPAs.

• In early trade, NBP and TTF markets are lower, putting some downward price pressure on Green Gas and PPAs.
• Pricing has eased in underlying gas markets. Traders are awaiting the outcome of talks between US and Russian officials in Saudi Arabia.
• Both sides expect to release a statement later today.
• Markets remain sensitive to the possibility of a “full ceasefire”.  This would allow the return of some Russian gas to Europe.
• As a reminder, European gas market fundamentals remain tight as we end winter with low gas storage inventories, and LNG is still needed to provide the marginal therm.

Jamie Banks
PPA Manager at New Stream

I am at the ADBA conference in Scotland today and tomorrow, but Fran and Gareth are at the desk if you need anything.

Thanks

Jamie

NSR PPA and Green Gas Markets Update 26/3 :

Green Gas closing down 4.25%

PPAs down 3.5%