MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: US REDBOOK: DEC STORE SALES +4.2% V YR AGO MO

US Q3 REV NONFARM PRODUCTIVITY +2.2%; Y/Y +2.0%

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NATGAS: TTF Eases Lower Amid Steady Supply After Francine Makes Landfall

NATGAS
Energy BulletsBulletPower BulletsCommodities

TTF eases back from gains seen yesterday as Hurricane Francine made landfall in Louisiana avoiding some US LNG terminals while gas supplies to Europe remain steady despite previous concern for Ukraine transit flows. 

  • Gas transit flows via Sudzha are nominated at 42.3mcm/d today after initialling showing as 29.9mcm/d in an early nomination yesterday, according to Ukraine’s gas transmission operator.
  • Below normal temperatures are expected to remain in NW Europe into the weekend before rising back above normal next week.
  • Norwegian pipeline supplies to Europe are today nominated at 197.2mcm/d, according to Bloomberg. Gassco shows outages of 181.9mcm/d today rising slightly to 215.6mcm/d on Sept. 14.
  • Algeria gas flow to Italy at Mazara remain well below normal at 24.8mcm/d today, according to Bloomberg.
  • European LNG sendout was up slightly on the day to 256mcm/d on Sept. 10 after dipping down to about 210mcm/d last weekend, according to Bloomberg.
  • European gas storage edges up to 93.19% full on Sep 10, according to GIE, compared to the five year average of 86.7%.
  • ICE TTF daily aggregate traded futures volume was 315k on Sep 11.
    • TTF OCT 24 down 1.1% at 35.75€/MWh
    • TTF WIN 24 down 1% at 37.88€/MWh
    • TTF SUM 25 down 0.6% at 36.85€/MWh
194 words

To read the full story

Close

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.

TTF eases back from gains seen yesterday as Hurricane Francine made landfall in Louisiana avoiding some US LNG terminals while gas supplies to Europe remain steady despite previous concern for Ukraine transit flows. 

  • Gas transit flows via Sudzha are nominated at 42.3mcm/d today after initialling showing as 29.9mcm/d in an early nomination yesterday, according to Ukraine’s gas transmission operator.
  • Below normal temperatures are expected to remain in NW Europe into the weekend before rising back above normal next week.
  • Norwegian pipeline supplies to Europe are today nominated at 197.2mcm/d, according to Bloomberg. Gassco shows outages of 181.9mcm/d today rising slightly to 215.6mcm/d on Sept. 14.
  • Algeria gas flow to Italy at Mazara remain well below normal at 24.8mcm/d today, according to Bloomberg.
  • European LNG sendout was up slightly on the day to 256mcm/d on Sept. 10 after dipping down to about 210mcm/d last weekend, according to Bloomberg.
  • European gas storage edges up to 93.19% full on Sep 10, according to GIE, compared to the five year average of 86.7%.
  • ICE TTF daily aggregate traded futures volume was 315k on Sep 11.
    • TTF OCT 24 down 1.1% at 35.75€/MWh
    • TTF WIN 24 down 1% at 37.88€/MWh
    • TTF SUM 25 down 0.6% at 36.85€/MWh