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TTF Extends Decline on Expected Temperature Return to Normal

NATURAL GAS

TTF extends decline with near normal temperatures expected to return to NW Europe in the coming days.

  • Higher storage withdrawals and LNG imports have covered the increased heating demand over the last week although the UK National Grid has activated the demand flexibility service for the first time. Some UK households have been asked to cut energy use on Monday evening due to freezing temperatures and lower wind output.
    • TTF FEB 23 down -4.6% at 63.85€/MWh
    • TTF SUM 23 down -4.3% at 65.5€/MWh
    • TTF WIN 23 down -3.5% at 73.41€/MWh
    • TTF SUM 24 down -1.7% at 65.47€/MWh
    • TTF WIN 24 down -1.4% at 65.3€/MWh

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