Free Trial

Front TTF Prices Fall While Future Season Hold Firmer

NATURAL GAS

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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.