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NATGAS: TTF Recovers Slightly Amid Small Norway Capacity Reduction

NATGAS

TTF front month is recovering slightly with an increase in Norwegian outages but still down on the day amid easing supply concerns due to the gradual return of the US Freeport LNG export terminal from outage.

  • The nomination for Norwegian pipeline supplies to Europe has been revised down slightly to 320.2mcm/d from 322.9mcm/d earlier today.
  • Gassco is showing outages of 31.1mcm/d today rising to 45.6mcm/d on July 24. An updated remit for Karsto shows a 15.1mcm/d capacity reduction for Jul 23-25.  Total field and processing plant outages are then expected to gradually ease through the remainder of the month.
    • TTF AUG 24 down 2.1% at 31.51€/MWh
    • TTF WIN 24 down 1.2% at 36.77€/MWh
    • TTF SUM 25 down 1% at 35.43€/MWh

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