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NATGAS: TTF Extends Gains on Supply Risk from Gassco Maitenance Updates

NATGAS

TTF front month resumes the rally from yesterday with focus on tightening supplies during the Norwegian maintenance season.

  • Gassco updates today show capacity reductions of 34.4mcm/d today rising to a peak of 237mcm/d on Sept. 2 compared to a previous peak shown as 183.5mcm/d.
  • “*GASSCO: NYHAMNA GAS UNAVAIL. 53.8 MCM/D FROM SEPT. 2 2024”
  • “*GASSCO: KOLLSNES GAS UNAVAIL. 61.0 MCM/D FROM SEPT. 2 2024” – bbg
  • Risks of tightening supply due to outages and a colder winter are supporting prices despite healthy storage levels over EU target levels.
    • TTF SEP 24 up 2.8% at 38.7€/MWh
    • TTF WIN 24 up 1.8% at 41.52€/MWh
    • TTF SUM 25 up 1% at 40.31€/MWh

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