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TTF Stable on Lower Risk of Supply Disruption

NATURAL GAS

TTF prices have stabilised with the risk of further supply disruptions from Russia reduced for now. TTF trading up 0.75% to 83.7€/MWh.

  • Flows from Russian via Nord Stream reduced over the weekend due to a scheduled regular internal inspection. The inspection is expected to last until 17th June with variable restrictions during that time. Nominations are for 67.6GWh/h today down from recent max flows around 73GWh/h. Transit flows via Ukraine are also very slightly lower at 40.1mcm/d.
  • LNG flows have receded from record highs seen in April but remain about 25% higher than the top of the previous 5-year range. The reduction since April follows the seasonal trend of lower flows during the summer months.
  • Norwegian supply is consistent at 323.4mdm/d with European storage now up to 48.9% full. Troll is expected to have available capacity reduced due to a planned outage on 8th and 9th.

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