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Russian Supply Concerns Fuel TTF Rally

NATURAL GAS

The bull rally in TTF continues with ongoing supply issues. TTF is trading up another 5% today to 179.75€/MWh.

  • Russian flows are again unchanged and continue to flow at reduced levels ahead of the Nord Stream halt for planned maintenance on 11th July. European fears that flows may not return following the outage are driving prices higher. Nord Stream is nominated at 64.65mcm/d and flows through Ukraine are 41.2mcm/d.
  • Norway supply is nominated at 333.1mcm/d today and European storage is now just over 60% full with injections still keeping pace with season normal levels.

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