Changing Russian gas flow patterns
The chart shows the monthly profile of gas pipeline imports to Europe. Imports are dominated by Russian flows which have traditionally displayed a pronounced seasonal profile, driven by long term contract nominations. But the flow profile has changed over the last two years. Gazprom has been more actively marketing gas volumes into Europe. This has increased imports across summer periods, dampening seasonal shape. Russia is also favouring Northern import routes, which is eroding the impact of seasonal flex provision from large storage facilities on the Ukraine route.