November 12, 2024 08:08 GMT
NATGAS: TTF Eases Back from High of €44.24/MWh Yesterday
NATGAS
TTF front month eases back from the high of €44.24/MWh yesterday after recent support due to a cool weather forecast, low wind and high storage withdrawals.
- Temperatures across Europe are expected to hold near or below normal through the coming two weeks while current low wind generation levels are expected to gradually increase later this week.
- European gas storage is down to 93.37% full on Nov. 10, according to GIE compared to a seasonal normal of 92.2% with net withdrawals above normal levels.
- European LNG sendout was back down to 278mcm/d on Nov. 10, according to Bloomberg. NW European LNG imports are rising this month up to 22 arrivals in Nov. 1-10 compared to 17 in the same period last month but well below year ago levels, according to Bloomberg.
- Norwegian pipeline supplies to Europe are nominated at the highest since early August at 344mcm/d today, according to Bloomberg compared to an average of 336mcm/d over the previous week.
- Algeria gas flow to Italy at Mazara is today at 65.7mcm/d, according to Bloomberg.
- Gas transit flows via Sudzha are nominated at 42.3mcm/d today, according to Ukraine’s gas transmission operator.
- ICE TTF daily aggregate traded futures volume was at 440k on Nov. 11.
- TTF DEC 24 down 0.9% at 43.35€/MWh
- TTF Q1 25 down 0.6% at 43.6€/MWh
- TTF SUM 25 down 0.8% at 42€/MWh
213 words