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NATGAS: Slovakia Efforts to Sustain Ukraine Transit See Choppy TTF

NATGAS
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TTF at European Close: TTF faced a brief return to negative territory on headlines that Slovakia’s SPP is considering scenarios for gas transit via Ukraine in 2025 - but has since recovered some of the losses.

  • TTF OCT 24 up 0.2% at 37.39€/MWh
  • TTF was higher earlier on cold weather outlooks this weekend and some extensions to Norwegian gas returns.
  • Temperatures in NW Europe are expected to fall below normal over the coming days before recovering back to near normal or just below next week.
  • Norwegian pipeline supplies to Europe are nominated at 267.3mcm/d today, according to Bloomberg. Gassco shows outages up to 78.7mcm/d today.
  • European gas storage is up to 93.9% of capacity on Sep 24, according to GIE.
  • Belgium, one of the EU’s largest importers of LNG, has urged the EU to ban the Russian fuel and warned that companies cannot break long-term contracts unless the bloc imposes sanctions, Montel said citing the FT.
  • Russia’s Gazprom has resumed gas flows to China via the Power of Siberia pipeline on Thursday after planned maintenance which ran between September 19-26 it said on Telegram.
  • Algeria pipeline gas supplies to Europe are still below normal despite the possible end to Transmed works, according to ICIS.
  • The amount of LNG on the water for more than 30 days topped 2.2 million tons by Tuesday, significantly above the averages for this time of year according to Bloomberg vessel tracking.
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TTF at European Close: TTF faced a brief return to negative territory on headlines that Slovakia’s SPP is considering scenarios for gas transit via Ukraine in 2025 - but has since recovered some of the losses.

  • TTF OCT 24 up 0.2% at 37.39€/MWh
  • TTF was higher earlier on cold weather outlooks this weekend and some extensions to Norwegian gas returns.
  • Temperatures in NW Europe are expected to fall below normal over the coming days before recovering back to near normal or just below next week.
  • Norwegian pipeline supplies to Europe are nominated at 267.3mcm/d today, according to Bloomberg. Gassco shows outages up to 78.7mcm/d today.
  • European gas storage is up to 93.9% of capacity on Sep 24, according to GIE.
  • Belgium, one of the EU’s largest importers of LNG, has urged the EU to ban the Russian fuel and warned that companies cannot break long-term contracts unless the bloc imposes sanctions, Montel said citing the FT.
  • Russia’s Gazprom has resumed gas flows to China via the Power of Siberia pipeline on Thursday after planned maintenance which ran between September 19-26 it said on Telegram.
  • Algeria pipeline gas supplies to Europe are still below normal despite the possible end to Transmed works, according to ICIS.
  • The amount of LNG on the water for more than 30 days topped 2.2 million tons by Tuesday, significantly above the averages for this time of year according to Bloomberg vessel tracking.