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NATGAS: Gas Summary at European Close: TTF Trades Higher

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TTF front-month prices remained trading up today, supported by reduced Norwegian pipeline supply and forecasts of cooler weather. Upcoming talks between Slovakian Prime Minister Robert Fico and EC officials on Thursday to discuss gas transit could weigh on future prices in the event of any progress.

  • TTF FEB 25 up 1.1% at 48.4€/MWh
  • Forecasts show temperatures in NW Europe edging lower this week to fall slightly below normal over the weekend.
  • Slovakian PM Robert Fico is set to meet officials from the European Commission on Thursday to discuss gas transit according to officials.
  • Norwegian pipeline supplies to Europe are nominated down to 319.6mcm/d today, according to Bloomberg
  • European gas storage has fallen to 55.8% full on Jan. 26, according to GIE.
  • The quantity of LNG on tankers that have not unloaded for at least 20 days edged down to 3.18m tons as of Jan. 26 after falling to a low of 2.68m tons earlier this month.
  • Global LNG imports are on track to jump this month to a 1-year high amid stronger demand from Europe, which is also drawing cargoes away from Asia, OilPrice.com said.
  • Greece’s Alexandroupolis LNG regasification terminal is unavailable until further notice due to technical issue.
  • TotalEnergies CEO has discussed the resumption of the troubled Mozambique LNG project with Mozambique President Daniel Chapo, Bloomberg reports.
  • HSBC has raised its price forecast for TTF in 2025 to $13.75/MMBtu, compared to $12.25/MMBtu previously, Reuters reported.
  • Storms Eowyn and Herminia delayed unloadings at UK Milford Haven LNG terminals during January 26-28, according to ICIS.
  • Gas consumption continues to fall in parallel to renewable generation growth as gas’ role as a grid balancer is becoming more significant, according to OIES
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TTF front-month prices remained trading up today, supported by reduced Norwegian pipeline supply and forecasts of cooler weather. Upcoming talks between Slovakian Prime Minister Robert Fico and EC officials on Thursday to discuss gas transit could weigh on future prices in the event of any progress.

  • TTF FEB 25 up 1.1% at 48.4€/MWh
  • Forecasts show temperatures in NW Europe edging lower this week to fall slightly below normal over the weekend.
  • Slovakian PM Robert Fico is set to meet officials from the European Commission on Thursday to discuss gas transit according to officials.
  • Norwegian pipeline supplies to Europe are nominated down to 319.6mcm/d today, according to Bloomberg
  • European gas storage has fallen to 55.8% full on Jan. 26, according to GIE.
  • The quantity of LNG on tankers that have not unloaded for at least 20 days edged down to 3.18m tons as of Jan. 26 after falling to a low of 2.68m tons earlier this month.
  • Global LNG imports are on track to jump this month to a 1-year high amid stronger demand from Europe, which is also drawing cargoes away from Asia, OilPrice.com said.
  • Greece’s Alexandroupolis LNG regasification terminal is unavailable until further notice due to technical issue.
  • TotalEnergies CEO has discussed the resumption of the troubled Mozambique LNG project with Mozambique President Daniel Chapo, Bloomberg reports.
  • HSBC has raised its price forecast for TTF in 2025 to $13.75/MMBtu, compared to $12.25/MMBtu previously, Reuters reported.
  • Storms Eowyn and Herminia delayed unloadings at UK Milford Haven LNG terminals during January 26-28, according to ICIS.
  • Gas consumption continues to fall in parallel to renewable generation growth as gas’ role as a grid balancer is becoming more significant, according to OIES