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EU GAs Prices Slipping on Nord Stream Nominations Data

NATURAL GAS

TTF gas prices have dipped back on signs that Nord Stream 1 flows are gearing up for a restart tomorrow after planned maintenance is completed. Day-ahead nomination data provided by Gascade is the initial sign that flows are set to return.

  • Indications by wires sources and by Putin suggest Nord Stream 1 will return but at a reduced capacity. Putin has suggested further turbine issues could result in more maintenance requirements from July 26.
  • EU Commissioner Von der Leyen said earlier today the EU is preparing for a complete cut in Russian gas flows.
  • TTF AUG 22 up 0.72% at 155.56€/MWh.

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