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TTF Front Falling Faster than Future Seasons


TTF gas extends decline with the front falling faster than future seasons.

  • Sum23 and Win23 contracts are holding up more than the front winter. Front month is back only 5€/MWh above Friday close levels before the confirmed halt to Nord Stream flows. Sum23 is currently 17€/MWh above the Friday close and Win23 is 23€/MWh higher.
  • The halt to Nord Stream flows will have a long term impact with storage levels likely to be very depleted by the end of the upcoming winter.
    • TTF OCT 22 down -11.3% at 218.21€/MWh
    • TTF WIN 22 down -10.6% at 222.66€/MWh
    • TTF SUM 23 down -3.5% at 192€/MWh
    • TTF WIN 23 down -0.6% at 179.5€/MWh

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