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TTF Extends Decline as Warm Weather Eases Supply Fears

NATURAL GAS

TTF extends the decline as warmer than normal temperatures and high storage levels ease short term winter supply concerns.

  • EU are due to announce energy crisis proposals today to be discussed further at the EU leaders summit later this week.
  • An unexpected force majeure at Nigeria’s Bonny Island LNG has not impacted on the falling TTF prices.
    • TTF NOV 22 down -10.6% at 114.36€/MWh
    • TTF SUM 23 down -5.7% at 140.5€/MWh
    • TTF WIN 23 down -5.5% at 139.5€/MWh
    • TTF SUM 24 down -5.9% at 98.5€/MWh
    • TTF WIN 24 down -4.3% at 99.03€/MWh

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