Free Trial

TTF Eases as Turkstream Returns

NATURAL GAS

European gas back down 2.7% today to 126€/MWh as flows through the Turkstream pipeline from Russia to Turkey resume after maintenance.

  • Flows through Nord Stream continue at the reduced rate of 64.65mcm/d and transit through Ukraine is 42.2mcm/d. Nord Stream is scheduled for a complete halt for maintenance from 11th to 21st Jul and Germany are concerned that flows won’t return once the work is complete.
  • Norwegian supply is back up to normal levels after maintenance at 322.1mcm/d. LNG import into Europe are maintaining well above average with recent flows approximately 160mcm/d compared to 5-year average levels of about 60mcm/d.
  • European gas storage has continued to fill and now up to 57.1% full.

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.