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NATGAS: Mid-Day Gas Summary: TTF Ticks Up

NATGAS
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TTF is ticking up further today, supported by high gas storage withdrawals and as the IEA suggest the market is expected to remain tight.

  • TTF FEB 25 up 0.3% at 47.99€/MWh
  • The global gas market is expected to remain fragile this year with growing demand while supply remains tight, IEA said in the Q1 2025 Gas Market Report. Demand growth is forecast to fall back below 2% and supply growth of 5% is expected.
  • Temperatures in NW Europe are forecast to remain above normal from later this week after rising in the coming days but with slightly lower wind generation next week.
  • European LNG sendout has fallen further to 328.4mcm/d on Jan. 19 from a high of 438mcm/d last week and an average of 376mcm/d so far this month.
  • European gas storage has fallen to 60.24% full on Jan. 19, according to GIE.
  • President Donald Trump issued an order on Monday for the U.S. to resume processing export permit applications for new LNG projects, reversing the pause put in place by Biden.
  • China’s gas demand is forecast to rise 6.2% y/y to 448.5bcm in 2025 while gas imports are expected to rise 8.7% y/y, according to China National Petroleum Corp cited by Bloomberg.
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TTF is ticking up further today, supported by high gas storage withdrawals and as the IEA suggest the market is expected to remain tight.

  • TTF FEB 25 up 0.3% at 47.99€/MWh
  • The global gas market is expected to remain fragile this year with growing demand while supply remains tight, IEA said in the Q1 2025 Gas Market Report. Demand growth is forecast to fall back below 2% and supply growth of 5% is expected.
  • Temperatures in NW Europe are forecast to remain above normal from later this week after rising in the coming days but with slightly lower wind generation next week.
  • European LNG sendout has fallen further to 328.4mcm/d on Jan. 19 from a high of 438mcm/d last week and an average of 376mcm/d so far this month.
  • European gas storage has fallen to 60.24% full on Jan. 19, according to GIE.
  • President Donald Trump issued an order on Monday for the U.S. to resume processing export permit applications for new LNG projects, reversing the pause put in place by Biden.
  • China’s gas demand is forecast to rise 6.2% y/y to 448.5bcm in 2025 while gas imports are expected to rise 8.7% y/y, according to China National Petroleum Corp cited by Bloomberg.