MNI: China To Ensure 5% GDP Amid Export Uncertainty: CASS's Yu

MNI: PBOC Net Drains CNY85.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1706 Fri; -1.30% Y/Y

MNI China Press Digest Feb 14: Fiscal Revenue, PBOC, Tax

MNI: Rise In US Consumer Delinquency Slowed In Q4 - NY Fed

MNI China Daily Summary: Thursday, February 13

US EIA:NAT GAS STORAGE -100 BCF TO 2,297 BCF FEB 07 WK

MNI: US JOBLESS CLAIMS -7K TO 213K IN FEB 08 WK

MNI: US JAN FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.3%

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NATGAS: TTF Drifts Lower Amid Mild Weather This Week

NATGAS
CEEMEAEnergy BulletsBulletPower BulletsCommodities

TTF drifts lower amid a reduction in storage withdrawals as mild weather across Europe eases demand pressures and despite a dip in Norwegian pipeline gas supply over the weekend.

  • Temperatures are forecast to remain above normal across much of Europe this week although temperatures in NW Europe are expected to drift slightly lower in the next couple of days.
  • Norwegian pipeline supplies to Europe are nominated at 329.9mcm/d today, according to Bloomberg after falling to 319mcm/d yesterday amid unplanned process problems at Troll currently expected until Tuesday.
  • European gas storage has fallen to 56.1% full on Jan. 25, according to GIE, compared to the previous five year average of 63.8%. Withdrawal rates are back below normal after the strong levels seen from Jan. 13-22.
  • European LNG sendout was down to 338mcm/d into the weekend on Jan. 25 compared to an average of 375mcm/d so far in January.
  • Algeria gas flows to Italy at Mazara are up to the highest since November at 62.1mcm/d today, according to Bloomberg.
  • ICE TTF daily aggregate traded futures volume was 368k on Jan. 24.
    • TTF FEB 25 down 1.4% at 49.03€/MWh
    • TTF SUM 25 down 1.2% at 49.13€/MWh
    • TTF WIN 25 down 1.6% at 44€/MWh
191 words

To read the full story

Close

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.

TTF drifts lower amid a reduction in storage withdrawals as mild weather across Europe eases demand pressures and despite a dip in Norwegian pipeline gas supply over the weekend.

  • Temperatures are forecast to remain above normal across much of Europe this week although temperatures in NW Europe are expected to drift slightly lower in the next couple of days.
  • Norwegian pipeline supplies to Europe are nominated at 329.9mcm/d today, according to Bloomberg after falling to 319mcm/d yesterday amid unplanned process problems at Troll currently expected until Tuesday.
  • European gas storage has fallen to 56.1% full on Jan. 25, according to GIE, compared to the previous five year average of 63.8%. Withdrawal rates are back below normal after the strong levels seen from Jan. 13-22.
  • European LNG sendout was down to 338mcm/d into the weekend on Jan. 25 compared to an average of 375mcm/d so far in January.
  • Algeria gas flows to Italy at Mazara are up to the highest since November at 62.1mcm/d today, according to Bloomberg.
  • ICE TTF daily aggregate traded futures volume was 368k on Jan. 24.
    • TTF FEB 25 down 1.4% at 49.03€/MWh
    • TTF SUM 25 down 1.2% at 49.13€/MWh
    • TTF WIN 25 down 1.6% at 44€/MWh