MNI BRIEF: Eurozone Consumption Not Recovering - De Guindos

MNI BRIEF: BOI's Panetta Warns On Energy Transition Costs

MNI BRIEF: China CPI Expected To Rise Moderately - NBS

MNI BRIEF: China Aug Output, Investment Hit Lowest Of The Year

CHINA AUG INDUSTRIAL OUTPUT +4.5% Y/Y VS MEDIAN +4.6% Y/Y: NBS

MNI: PBOC Net Injects CNY138.7 Bln via OMO Saturday

EZ/UK Bond Supply Calendar: Slovakia Auction, BoE APF on Monday

MNI BRIEF: China Aug M1 Drops Further To Hit Record Low

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

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

NATGAS: TTF Edges Higher After Falling to Lowest SInce Aug. 5

NATGAS
Energy BulletsBulletPower BulletsCommodities

TTF front month is edging higher after falling to the lowest since Aug. 5 under pressure from healthy storage and a lower recent geopolitical risk premium as the system copes with lower Norway pipeline supplies.

  • Norwegian pipeline supplies to Europe are today nominated at 190.0mcm/d, according to Bloomberg. Gassco shows outages of 165mcm/d today rising to 237mcm/d tomorrow with of start of reduced capacity at Nyhamna and Kollsnes.
  • European LNG sendout was up again to 258mcm/d on Sept 2 according to Bloomberg as flows have risen to cover for missing pipeline supplies.
  • Above normal temperatures are expected in NW Europe through the coming weekend before gradually falling below normal by Sept. 11.
  • European gas storage is up to 92.61% full on Sep 3 according to GIE compared to the five year average of 85.4%.
  • Gas transit flows via Sudzha are nominated at 42.15mcm/d today, according to Ukraine’s gas transmission operator.
  • Algeria gas flow to Italy at Mazara is still near a third of normal levels at 22.1mcm/d today, according to Bloomberg.
  • ICE TTF daily aggregate traded futures volume was 319k on Sep 4.
    • TTF OCT 24 up 0.8% at 36.08€/MWh
    • TTF WIN 24 up 0.7% at 38.63€/MWh
    • TTF SUM 25 up 0.7% at 37.89€/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 front month is edging higher after falling to the lowest since Aug. 5 under pressure from healthy storage and a lower recent geopolitical risk premium as the system copes with lower Norway pipeline supplies.

  • Norwegian pipeline supplies to Europe are today nominated at 190.0mcm/d, according to Bloomberg. Gassco shows outages of 165mcm/d today rising to 237mcm/d tomorrow with of start of reduced capacity at Nyhamna and Kollsnes.
  • European LNG sendout was up again to 258mcm/d on Sept 2 according to Bloomberg as flows have risen to cover for missing pipeline supplies.
  • Above normal temperatures are expected in NW Europe through the coming weekend before gradually falling below normal by Sept. 11.
  • European gas storage is up to 92.61% full on Sep 3 according to GIE compared to the five year average of 85.4%.
  • Gas transit flows via Sudzha are nominated at 42.15mcm/d today, according to Ukraine’s gas transmission operator.
  • Algeria gas flow to Italy at Mazara is still near a third of normal levels at 22.1mcm/d today, according to Bloomberg.
  • ICE TTF daily aggregate traded futures volume was 319k on Sep 4.
    • TTF OCT 24 up 0.8% at 36.08€/MWh
    • TTF WIN 24 up 0.7% at 38.63€/MWh
    • TTF SUM 25 up 0.7% at 37.89€/MWh