The gas market is experiencing significant and steady growth, which is not surprising given recent events.

According to recent reports, after the outgoing Biden administration introduced several sanctions against Gazprom, the United States, under heavy political pressure, allowed operations with several Russian companies, including Gazprom Nelfproject, Rosnefteflot, Sovcomflot, and Gazprom Neft. This decision followed complex negotiations and political maneuvering that considered not only US domestic interests but also global economic realities. Operations with these companies might stem from the need to maintain energy supply and stability in the market, especially amid crises related to energy resource deliveries. Despite earlier restrictions, the Biden administration had to consider the views of NATO allies and European countries, which also rely on Russian energy resources. This created a paradoxical situation where sanctions aimed at pressuring Russia could have negatively affected the economic interests of entire nations.

Additionally, it is expected that Donald Trump will lift restrictions on oil and gas production in the US during the early days of his presidency. According to the Wall Street Journal, Trump is preparing executive orders to stimulate the use of fossil fuels in the United States and roll back efforts by his predecessor to promote electric vehicles in the country.

As for Gazprom, its subsidiaries might emerge as winners in light of the company's optimization measures. These subsidiaries are now required to support the parent company with dividends, similar to the structure followed by Rosseti subsidiaries. Traders should keep an eye on the stocks of regional gas companies, which previously topped the list of shares with the greatest growth potential.

When it comes to Novatek, another major player, its 2024 results unveiled that gas production increased by 2.1% to 84.1 billion cubic meters. Novatek also boosted its production of liquid hydrocarbons by 11.5%, reaching 13.8 million tons in 2024, according to the company's report. These figures demonstrate that Novatek has continued to expand its production capacity in 2024, enabling it to meet the growing demands of the global energy market. Key drivers of this growth include the implementation of new technologies and optimization of existing extraction processes. These changes have brought not only quantitative but also qualitative improvements to its operations. Furthermore, strengthening its position on the international stage has been crucial to achieving these results. The launch of new projects and the signing of long-term contracts with foreign partners have provided additional incentives to increase production volumes. The company has also emphasized sustainable development and environmental efforts, which have become vital elements of its strategy. Novatek actively invests in projects aimed at reducing the environmental impact of its activities, attracting interest from international investors and partners.

As for the technical analysis of NG, it may soon break the level of $4.373. Breaking through this range could open the way toward the April 2023 level of around $4.810. The farthest target is the area of $5.200. In the event of a correction, the first support level lies near $4.062. A break below this level could quickly push the trading instrument down to $3.734, with the most distant target being around $3.422.