OIES Podcast – Impact of Russia-Ukraine War on Energy Markets Series – 5
In this latest OIES podcast, we continue our weekly updates of the impact of the war between Russia and Ukraine on energy markets. This week James Henderson, Jack Sharples and Mike Fulwood discuss the recent cancelation of the Russian gas export contracts with Poland and Bulgaria and the implications for the European gas market. They consider the fact that alternative supplies into North-West Europe are already at very high levels, which is causing price distortions due to infrastructure constraints and also consider the different implications for Southern Europe, where flows from Azerbaijan and North Africa, as well as LNG imports, are balancing the end of Russian flows to Bulgaria. The podcast also looks at the continuing debate around rouble payments for gas to Russia and assesses the current state of readiness of the European gas market in the event of a reduction or cessation of Russian gas flows in May.