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Market weights up stable Russian flows against incoming sanctions

Close price: Prices trended slightly down off the back of healthy gas flows and warmer weather approaching.

Opening price: Prices are struggling for direction. One the one hand, Russian gas flows are stable and strong into Europe. On the other is looming sanctions from the EU on reported war crimes in Ukraine. However at this stage, only oil and coal is expected to be targeted, as Europe can ill afford to sanction gas as well given its reliance. Elsewhere, The German government has taken control of Gazprom Germania with the UK government preparing to nationalise the retail supply arm.