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TTF Continues Rally

NATURAL GAS

European gas prices continue to rally to the highest level since 23 August amid rising supply concerns due to a prolonged maintenance season in Norway and possible disruption from US LNG supplies due to the start of seasonal maintenance. The front month is currently up 12.87% from last Friday’s close.

    • TTF OCT 23 up 5.5% at 41.25€/MWh
  • Feedgas lows to US LNG terminals recovered slightly today to 12.1bcf/d but remain down from levels earlier this week of 13.32bcf/d.
  • Norwegian natural gas supplies to Europe recovered slightly today to 227.7mcm/d and unavailable capacity has been further revised up for the rest of this week.

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