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NATGAS: Gas Summary at European Close: TTF Falling

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TTF front month is weaker today but has regained some ground. Pressure comes from the expected return of Norwegian pipeline supplies to Europe. Cooler weather forecasts for the end of the month and into October cap downside.

  • TTF OCT 24 down 0.4% at 35.4€/MWh
  • Norwegian pipeline supplies to Europe are today nominated up to the highest since the start of the month at 235.2mcm/d, Bloomberg said.
  • European gas storage is slowly rising up to 93.41% full on Sep 15, according to GIE.
  • Russia’s LNG exports to Europe in September could hit a 13-month low, Montel said.
  • The European gas market remains prone to volatility with weather one of the key risks for the coming winter, BNEF said.
  • East-West LNG arbitrage economics are improving Platts said.
  • West and East Med LNG markets have moved to a premium over their domestic gas hubs, Platts said.
  • Saudi Aramco has taken the first steps to become a major LNG player, said Abdulkarim Al-Ghamdi the head of its natural gas business, with an increased stake in MidOcean Energy this month, according to Reuters.
  • Malaysia’s growing energy requirements could drive the LNG exporter to consider expansion of LNG imports, according to the natural resources minister cited by Bloomberg.
  • TotalEnergies has signed a deal with Turkey’s BOTAS for the delivery of 1.1m tons of LNG per year for ten years starting from 2027, according to a company statement.
  • China is now importing record volumes of pipeline gas, Interfax said.
  • China’s second tier natural gas buyer Donnguan Energy unloaded a prompt cargo at Yuedong LNG terminal in Guangdong Sep. 11, Platts said.
  • MNI Gas Weekly: Norwegian Supply Return Weighs on European Gas: Full piece here: 
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TTF front month is weaker today but has regained some ground. Pressure comes from the expected return of Norwegian pipeline supplies to Europe. Cooler weather forecasts for the end of the month and into October cap downside.

  • TTF OCT 24 down 0.4% at 35.4€/MWh
  • Norwegian pipeline supplies to Europe are today nominated up to the highest since the start of the month at 235.2mcm/d, Bloomberg said.
  • European gas storage is slowly rising up to 93.41% full on Sep 15, according to GIE.
  • Russia’s LNG exports to Europe in September could hit a 13-month low, Montel said.
  • The European gas market remains prone to volatility with weather one of the key risks for the coming winter, BNEF said.
  • East-West LNG arbitrage economics are improving Platts said.
  • West and East Med LNG markets have moved to a premium over their domestic gas hubs, Platts said.
  • Saudi Aramco has taken the first steps to become a major LNG player, said Abdulkarim Al-Ghamdi the head of its natural gas business, with an increased stake in MidOcean Energy this month, according to Reuters.
  • Malaysia’s growing energy requirements could drive the LNG exporter to consider expansion of LNG imports, according to the natural resources minister cited by Bloomberg.
  • TotalEnergies has signed a deal with Turkey’s BOTAS for the delivery of 1.1m tons of LNG per year for ten years starting from 2027, according to a company statement.
  • China is now importing record volumes of pipeline gas, Interfax said.
  • China’s second tier natural gas buyer Donnguan Energy unloaded a prompt cargo at Yuedong LNG terminal in Guangdong Sep. 11, Platts said.
  • MNI Gas Weekly: Norwegian Supply Return Weighs on European Gas: Full piece here: