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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATURAL GAS
TTF edges back up to positive on the day with supply risks adding to near term support while tight supply concerns continue to support winter 23 and beyond.
- Norwegian supplies are expected to drop again later this month with another period of seasonal maintenance according to Gassco while price spreads continue to encourage LNG flows to Aisa over Europe. See chart below of Gassco aggregate field and processing plants outages.
- The profitability of US LNG exports to Asia for September was estimated at 7.15$/mmbtu and to Europe at 6.24$/mmbtu according to Bloomberg before the TTF open today.
- The Q1 2024 – Sep 23 spread is currently trading around 19.2€/MWh with the Win24- Win23 steady at 6.75€/MWh.
- TTF SEP 23 up 0.9% at 30.76€/MWh
- TTF WIN 23 up 0.5% at 46.08€/MWh
- TTF SUM 24 up 0.5% at 48.75€/MWh
- TTF WIN 24 up 0.4% at 52.65€/MWh
Source: Gassco
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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