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NATGAS: TTF Edges Higher but Holds Within Weekly Range

NATGAS
Energy BulletsBulletPower BulletsCommodities

TTF front month is holding within the €38.85/MWh to €40.8/MWh range so far this week as the market weighs warm weather this week with winter supply risks.

  • Temperatures in NW Europe are expected above normal in the coming week but the forecast has turned slightly cooler for late October as temperatures drift back below normal by month end.
  • Norwegian pipeline supplies to Europe are nominated down to 309.1mcm/d today, according to Bloomberg with reduced capacity up to 54.1mcm/d amid ongoing works at Gullfaks and Oseberg, Gassco shows.
  • European LNG sendout was back down to 299mcm/d after rising to the highest since April at 329mcm/d the previous day, according to Bloomberg.
  • European gas storage was almost unchanged on the day at 95.01% full on Oct. 15, according to GIE, compared to the five-year average of 91.9%.
  • Algeria gas flow to Italy at Mazara is today at 56.0mcm/d, according to Bloomberg.
  • Gas transit flows via Sudzha are nominated at 42.2mcm/d today, according to Ukraine’s gas transmission operator.
  • ICE TTF daily aggregate traded futures volume was 212k on Oct. 16.
    • TTF NOV 24 up 1% at 39.63€/MWh
    • TTF Q1 25 up 0.6% at 40.25€/MWh
    • TTF SUM 25 up 0.7% at 38.45€/MWh
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TTF front month is holding within the €38.85/MWh to €40.8/MWh range so far this week as the market weighs warm weather this week with winter supply risks.

  • Temperatures in NW Europe are expected above normal in the coming week but the forecast has turned slightly cooler for late October as temperatures drift back below normal by month end.
  • Norwegian pipeline supplies to Europe are nominated down to 309.1mcm/d today, according to Bloomberg with reduced capacity up to 54.1mcm/d amid ongoing works at Gullfaks and Oseberg, Gassco shows.
  • European LNG sendout was back down to 299mcm/d after rising to the highest since April at 329mcm/d the previous day, according to Bloomberg.
  • European gas storage was almost unchanged on the day at 95.01% full on Oct. 15, according to GIE, compared to the five-year average of 91.9%.
  • Algeria gas flow to Italy at Mazara is today at 56.0mcm/d, according to Bloomberg.
  • Gas transit flows via Sudzha are nominated at 42.2mcm/d today, according to Ukraine’s gas transmission operator.
  • ICE TTF daily aggregate traded futures volume was 212k on Oct. 16.
    • TTF NOV 24 up 1% at 39.63€/MWh
    • TTF Q1 25 up 0.6% at 40.25€/MWh
    • TTF SUM 25 up 0.7% at 38.45€/MWh