MNI BOK WATCH: More Evidence Needed To Cut Rates, Says Rhee

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

CPI Details Show Disinflation Tapering Off for High-Rate Items (2/2)

CPI Details Show Disinflation Tapering Off for High-Rate Items (1/2)

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Mid-Day Gas Summary: TTF Up 11.5% on Week

NATGAS
Homepagemarkets-real-timeCommoditiesEnergy BulletsBullet

TTF is trading lower today but remains up around 11.5% on the week amid warmer weather, tighter LNG supplies, and Russian gas supplies to Austria at risk.

  • TTF JUN 24 down 2.6% at 34.3€/MWh
  • TTF Q3 24 down 2.7% at 35.06€/MWh
  • Planned maintenance at some of Norway’s gas assets at the end of this month has also pushed up European gas prices.
  • Norwegian nominated flows to the UK and Northwest Europe terminals at 285.70 mcm/d vs 5-day moving avg 270.12 mcm/d according to Gassco.
  • Norway’s Equinor plans to boost gas output from Troll field, Europe’s largest, it said in a statement Friday – a boost for European energy.
  • LNG flows to Northwest Europe on May 22 were 146.09 mcm/d, 19% lower than the 30 day average.
  • LSEG data showed on Thursday that weather forecasters expect a sharp drop in wind speeds in northwest Europe from Friday.
  • European gas storage was 68% full on May 22 vs the 5-yr seasonal norm of 54% for this time of year according to GIE.
  • France's Fos Tonkin terminal is out for maintenance, with no regas capacity from 25 May to 9 June according to ICIS.
  • Asia’s LNG prices rose to the highest level in five months as a production disruption in Brunei could further constrict supply.
  • Russia could be building an ‘LNG dark fleet’ to transport natural gas cargoes in the face of Western sanctions, mirroring operations in the oil market, shipowner Flex LNG said May 23, cited by Platts.
246 words

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.

TTF is trading lower today but remains up around 11.5% on the week amid warmer weather, tighter LNG supplies, and Russian gas supplies to Austria at risk.

  • TTF JUN 24 down 2.6% at 34.3€/MWh
  • TTF Q3 24 down 2.7% at 35.06€/MWh
  • Planned maintenance at some of Norway’s gas assets at the end of this month has also pushed up European gas prices.
  • Norwegian nominated flows to the UK and Northwest Europe terminals at 285.70 mcm/d vs 5-day moving avg 270.12 mcm/d according to Gassco.
  • Norway’s Equinor plans to boost gas output from Troll field, Europe’s largest, it said in a statement Friday – a boost for European energy.
  • LNG flows to Northwest Europe on May 22 were 146.09 mcm/d, 19% lower than the 30 day average.
  • LSEG data showed on Thursday that weather forecasters expect a sharp drop in wind speeds in northwest Europe from Friday.
  • European gas storage was 68% full on May 22 vs the 5-yr seasonal norm of 54% for this time of year according to GIE.
  • France's Fos Tonkin terminal is out for maintenance, with no regas capacity from 25 May to 9 June according to ICIS.
  • Asia’s LNG prices rose to the highest level in five months as a production disruption in Brunei could further constrict supply.
  • Russia could be building an ‘LNG dark fleet’ to transport natural gas cargoes in the face of Western sanctions, mirroring operations in the oil market, shipowner Flex LNG said May 23, cited by Platts.