Traders Turn Optimistic That Gas Will Keep Flowing Via Ukraine
- Market sees flows in place even after current deal ends
- Futures for winter 2025 have slumped since start of the year
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Traders are selling European gas for next winter in a sign of optimism that the region will continue to receive Russian shipments via Ukraine after the current transit deal expires.
Contracts for the first quarter of 2025 have slumped by about 20% since the start of the year. The move indicates confidence that there will be a mechanism in place to allow the flows to continue, according to several market participants who spoke on the sidelines of the E-World conference in Essen, Germany.