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TTF Erases Earlier Gains

NATURAL GAS

Front month TTF has pulled back from an intra-day high of €28.61/MWh to trade lower on the day amid an upward revision in weather forecasts, shrugging off earlier gains driven supply disruptions in Norway and lower natgas production in the US paired with the ongoing outage at the Freeport LNG facility.

    • TTF APR 24 down -1.2% at 27.14€/MWh
    • TTF SUM 24 down -1.2% at 27.43€/MWh
  • Temperatures in NW Europe are forecast to rise well above seasonal normal in mid-March and forecast to remain above normal through the next two weeks.
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Front month TTF has pulled back from an intra-day high of €28.61/MWh to trade lower on the day amid an upward revision in weather forecasts, shrugging off earlier gains driven supply disruptions in Norway and lower natgas production in the US paired with the ongoing outage at the Freeport LNG facility.

    • TTF APR 24 down -1.2% at 27.14€/MWh
    • TTF SUM 24 down -1.2% at 27.43€/MWh
  • Temperatures in NW Europe are forecast to rise well above seasonal normal in mid-March and forecast to remain above normal through the next two weeks.