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NATGAS: Gas Summary at European Close: TTF Up on Day

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TTF is higher today but continues to trade within this week’s range. Muted demand and high underground and floating storage are helping to ease tight supply fears amid curtailed pipeline supplies to Europe ahead of the winter heating season. 

  • TTF OCT 24 up 1.6% at 35.75€/MWh
  • Egypt's recent tender for 20 LNG cargoes from October to December to cover winter demand has been fully awarded, Reuters said.
  • Temperatures in NW Europe are expected to gradually recover from the cold this week.
  • Norwegian pipeline supplies to Europe are today nominated at 194.0mcm/d, according to Bloomberg.
  • Gassco shows outages of 181.9mcm/d today rising to 211.6mcm/d over the weekend.
  • Gas transit flows via Sudzha are nominated at 42.3mcm/d today, according to Ukraine’s gas transmission operator.
  • Small net injection rates have taken European gas storage up to 93.24% full on Sep 11, according to GIE.
  • Wien Energie has signed new supply agreements to completely diversify away from Russian supplies from 2025, Bloomberg said.
  • Asian spot LNG prices fell this week amid limited demand for November deliveries and as supply concerns related to Hurricane Francine’s impact on US LNG facilities, Reuters said.
  • Crown LNG said it hopes to take FID on a new 5mtpa LNG import facility at Grangemouth, Scotland in Q2 2025, according to ICIS.
  • Power supply to the US Freeport LNG exports terminal in Texas fell by about a third on Friday morning, according to Bloomberg.
  • The number of US LNG export cargoes fell to 23 in the week to Sept. 11, according to the EIA.
  • Both Trump and Harris would likely try to resume LNG export approvals, Montel reported, but additional challenges remain for the industry’s supply.
  • Israel’s Karish gas project is now setting new output records, MEES said.
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TTF is higher today but continues to trade within this week’s range. Muted demand and high underground and floating storage are helping to ease tight supply fears amid curtailed pipeline supplies to Europe ahead of the winter heating season. 

  • TTF OCT 24 up 1.6% at 35.75€/MWh
  • Egypt's recent tender for 20 LNG cargoes from October to December to cover winter demand has been fully awarded, Reuters said.
  • Temperatures in NW Europe are expected to gradually recover from the cold this week.
  • Norwegian pipeline supplies to Europe are today nominated at 194.0mcm/d, according to Bloomberg.
  • Gassco shows outages of 181.9mcm/d today rising to 211.6mcm/d over the weekend.
  • Gas transit flows via Sudzha are nominated at 42.3mcm/d today, according to Ukraine’s gas transmission operator.
  • Small net injection rates have taken European gas storage up to 93.24% full on Sep 11, according to GIE.
  • Wien Energie has signed new supply agreements to completely diversify away from Russian supplies from 2025, Bloomberg said.
  • Asian spot LNG prices fell this week amid limited demand for November deliveries and as supply concerns related to Hurricane Francine’s impact on US LNG facilities, Reuters said.
  • Crown LNG said it hopes to take FID on a new 5mtpa LNG import facility at Grangemouth, Scotland in Q2 2025, according to ICIS.
  • Power supply to the US Freeport LNG exports terminal in Texas fell by about a third on Friday morning, according to Bloomberg.
  • The number of US LNG export cargoes fell to 23 in the week to Sept. 11, according to the EIA.
  • Both Trump and Harris would likely try to resume LNG export approvals, Montel reported, but additional challenges remain for the industry’s supply.
  • Israel’s Karish gas project is now setting new output records, MEES said.