NATGAS: Gas Summary at European Close: Moves Flat on Day

TTF front month is stable on the day, holding most of the gains over previous, with focus on tightening supplies during the Norwegian maintenance season.

• TTF SEP 24 down 0.2% at 38.63€/MWh
• Norwegian pipeline supplies to Europe are down to the lowest since early June at 305.7mcm/d, Bloomberg said. 
• Gassco shows capacity reductions of 42.4mcm/d today rising to 237.25mcm/d on Sept. 2.
• Temperatures in NW Europe are expected to hold above normal over the coming two weeks.
• Gas transit flows via Sudzha are nominated near normal at 42.4mcm/d today.
• Russia’s Dmitry Peskov said that Ukraine's failure to renew the agreement on gas transit from Russia will cause serious damage to the interests of European consumers.
• European gas storage stood at 91.83% full on Aug 26 according to GIE.
• Investment fund net long positioning in ICE TTF futures maintains just below the high from last week.
• Freeport LNG is actively working to restart operations after the fire safety suppression system was activated during routine maintenance, a spokeswoman said cited by Bloomberg.
• LNG stockpiles held by Japanese utilities increased 6.74% w/w to 2.06m tons in the week to Aug. 25, according to data released by the trade ministry.
• Russian gas production increased 16% y/y in July to 52 bcm according to Kommersant reports.
• The first cargo from New Fortress’ 1.4m mtpa Altamira LNG export terminal in Mexico arrived at the Panama Canal Aug. 27, Platts said.
• Egypt is set to receive a rare 75k mt LNG cargo from Nigeria Aug. 28, Platts said.
• Traders in the bunker market have reported strong demand, but the market remains structurally bearish, Platts said.
• MNI Gas Weekly: Asian LNG Prices Likely to See Further Support: Read Here