September 27, 2022 06:58 GMT
TTF trading higher today after falling from 210€/MWh mid last week as Europe continues efforts to cope with a winter on reduced Russian supplies.
- TTF OCT 22 up 2.5% at 178.26€/MWh
- TTF SUM 23 up 3.5% at 182€/MWh
- High LNG imports are helping to cover for the missing Russian supplies with total EU imports up at 365mcm/d. Europe is attempting to secure supplies by increasing regas facilities and agreeing new LNG supply contracts. The new Dutch floating LNG terminal is operational with two more in Germany expected before the end of the year.
- Nominations for Norwegian supplies are today at 283.7mcm/d with flows gradually returning from seasonal maintenance. Russian gas flows through Ukraine are still steady at 42.4mcm/d. European storage is now up to 87.73% full.