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Front TTF Prices Fall While Future Season Hold Firmer


Near term TTF prices extend losses but seasonal prices remain supported beyond the current Winter 22-23 period.

  • EU measures to ease the European energy crisis such as demand reduction targets have combined with high storage levels and strong LNG supplies to bring near term TTF prices down from the August peak.
  • Beyond this winter concerns remain that LNG infrastructure will struggle to increase capacity in time to restock storage next summer and cover demand next winter.
  • TTF NOV 22 down -8.4% at 130€/MWh
  • TTF SUM 23 down -2.1% at 149€/MWh
  • TTF WIN 23 down -1.9% at 147.84€/MWh
  • TTF SUM 24 down -0.5% at 105.85€/MWh
  • TTF WIN 24 down -0.1% at 104.43€/MWh

Source: Bloomberg

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