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NATGAS: TTF Supported by Middle East Uncertainty

NATGAS
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TTF moves higher, above the high earlier this week when Chevrons Israeli gas production briefly went offline.

  • The latest move was bolstered by the following headline “IRAN WILL TARGET ISRAELI ENERGY, GAS INSTALLATIONS IF ISRAEL 'COMMITS ERROR ' TO ATTACK IRAN - SNN NEWS AGENCY CITES GUARDS COMMANDER FADAVI AS SAYING” – rtrs
  • There remains no actual impact on physical gas supplies as a result of building escalations in the Middle East but markets are pricing in potential retaliation action between Iran and Israel, with mentions of energy infrastructure proving supportive for prices.
  • TTF now at its highest level since mid-August.
  • TTF NOV 24 up 1.9% at 40.67€/MWh
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TTF moves higher, above the high earlier this week when Chevrons Israeli gas production briefly went offline.

  • The latest move was bolstered by the following headline “IRAN WILL TARGET ISRAELI ENERGY, GAS INSTALLATIONS IF ISRAEL 'COMMITS ERROR ' TO ATTACK IRAN - SNN NEWS AGENCY CITES GUARDS COMMANDER FADAVI AS SAYING” – rtrs
  • There remains no actual impact on physical gas supplies as a result of building escalations in the Middle East but markets are pricing in potential retaliation action between Iran and Israel, with mentions of energy infrastructure proving supportive for prices.
  • TTF now at its highest level since mid-August.
  • TTF NOV 24 up 1.9% at 40.67€/MWh