Rising temperatures and declining gas consumption allow importers to return to the flexible optimization of consumption volumes depending on the cost. Gas imported under a month-ahead contract - Gazprom has about half of its exports pegged to this - in April is around $1,400 per thousand cubic meters.
A day-ahead contract on the spot market is currently $1,001 per thousand cubic meters. Therefore, buyers are increasing their purchases on the spot market, and reducing off-take on record-breaking long-term contracts. This specifically explains the rise in reverse deliveries from Germany to Poland via the Yamal-Europe pipeline.