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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.
NATGAS
Platts raised its upcoming TTF forecasts, for Q4 onwards, reflecting Europe’s need to pull more LNG to refill stocks above 90%, amid a tighter global LNG market.
- For Q4-24, Platts forecasts TTF to average EUR42.64/MWh, up 60 cents/MWh, rising to EUR44/MWh in Q1-25 (+40 cents/MWh).
- Q1 should see lower Asian demand, lowering increased LNG flows to Europe, reducing the depletion of storage to end the season half full, Platts said.
- In winter 2025, there is a significant upside risk in Henry Hub prices, as export capacity is set to outpace production response, likely having a knock-on consequence for global LNG prices.
- Summer-25 is forecasted at EUR37.4/MWh. This is driven by the delay of the US Golden Pass facility and the need to lift TTF to meet EU storage needs. Those bullish factors also outweigh reduced coal-gas switching caused by a stronger TTF.
- Platts’ view of summer-26 has changed most significantly, on a revised view of North American LNG supply, with Feedgas demand outpacing production.
- The higher prices reduced the year-on-year industrial demand growth forecast to 4% from 6%.
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.
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