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TTF Falls on Warming Weather into Next Week

NATURAL GAS

TTF extends the decline from yesterday driven by a milder weather forecast next week although front month is still above the low of the year of 30.025€/MWh.

    • TTF FEB 24 down -3.7% at 30.4€/MWh
    • TTF SUM 24 down -3.6% at 30.54€/MWh
    • TTF WIN 24 down -2% at 35.33€/MWh
    • TTF SUM 25 down -1.8% at 32.06€/MWh
  • Below normal temperatures are still expected in NW and central Europe this week but are expected to return to near normal in the second half of January.
  • European natural gas storage was down to 84.27% full on Jan 7 according to GIE data and remains well above the seasonal five year average of 71.4% as net withdrawals remain just below normal.
  • Net European LNG import flows increased up to 337mcm/d on Jan 7 although remain below levels seen in 2022 and 2023.
  • Norwegian pipeline supplies to Europe are down very slightly to 350.4mcm/d today and just below an average so far this year of 351.6mcm/d.
  • Gas transit flows through Ukraine are back up to 42.4mcm/d today and Algeria gas flow to Italy at Mazara are at 48.2mcm/d.
  • ICE TTF daily aggregate traded futures volumes up to 263k yesterday.
Energy BulletsCommodities
Energy BulletsCommodities

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