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Europe and US Gas Trade Higher

NATURAL GAS

Gas in Europe and US pushing higher

  • Front month TTF now up 8.8% to 160.77€/MWh driven by supply concerns with reduced supply from Russia, potentially lower US LNG due to the Freeport LNG outage and now strikes reducing Norwegian supply this week.
  • US gas is up 2% to 5.845$/mmbtu as above normal temperatures maintain domestic demand above normal levels while production and LNG exports remain steady.

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