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NATGAS: Mid-Day Gas Summary: TTF Drifts Down from High

NATGAS

TTF front month is edging lower but holding most of the gains last week with market focus on the expected halt to gas transit via Ukraine at year end.  Cold weather forecast for later this week and above normal storage withdrawals are also supportive.

  • Slovakia Prime Minister Robert Fico urged the EU’s Ursula von der Leyen via a letter to address the looming Russian gas transit halt via Ukraine over the weekend.
  • Ukraine has received its first US LNG shipment after D.Trading said Dec. 27 it had taken delivery of a cargo into the Greek import terminal at Revithoussa.
  • Stormy weather and high windspeeds on New Year's Eve and New Year's Day in the UK could delay the arrival of the Dorado LNG vessel, according to ICIS.
  • US LNG export terminal feedgas is 14.33bcf/d today supported by the startup of Plaquemines LNG, Bloomberg shows. Venture Global LNG said Dec. 26 that it has shipped its first commissioning cargo from the facility headed to Germany.
    • TTF JAN 25 down 1.2% at 47.14€/MWh
    • NBP JAN 25 down 0.8% at 118.85p/th
    • JKM Feb 25 down 0.5% at 14.6$/mmbtu
    • US Natgas FEB 25 up 13.1% at 3.83$/mmbtu
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TTF front month is edging lower but holding most of the gains last week with market focus on the expected halt to gas transit via Ukraine at year end.  Cold weather forecast for later this week and above normal storage withdrawals are also supportive.

  • Slovakia Prime Minister Robert Fico urged the EU’s Ursula von der Leyen via a letter to address the looming Russian gas transit halt via Ukraine over the weekend.
  • Ukraine has received its first US LNG shipment after D.Trading said Dec. 27 it had taken delivery of a cargo into the Greek import terminal at Revithoussa.
  • Stormy weather and high windspeeds on New Year's Eve and New Year's Day in the UK could delay the arrival of the Dorado LNG vessel, according to ICIS.
  • US LNG export terminal feedgas is 14.33bcf/d today supported by the startup of Plaquemines LNG, Bloomberg shows. Venture Global LNG said Dec. 26 that it has shipped its first commissioning cargo from the facility headed to Germany.
    • TTF JAN 25 down 1.2% at 47.14€/MWh
    • NBP JAN 25 down 0.8% at 118.85p/th
    • JKM Feb 25 down 0.5% at 14.6$/mmbtu
    • US Natgas FEB 25 up 13.1% at 3.83$/mmbtu