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Free AccessTTF Holding Within €1/MWh Range Amid Stable Fundamentals
TTF front month is edging higher with prices holding between €29.15/MWh and €30.215/MWh so far this week with fundamentals relatively unchanged on the day.
- TTF JUN 24 up 1.2% at 30.04€/MWh
- TTF Q3 24 up 1.2% at 30.79€/MWh
- TTF WIN 24 up 0.9% at 35.95€/MWh
- TTF SUM 25 up 1% at 34.8€/MWh
- Temperature forecasts for NW and central Europe are relatively unchanged and still showing above normal temperatures throughout the coming two weeks.
- Norwegian pipeline supplies to Europe are today nominated at 322.9mcm/d with Gassco showing field and plant outages of 30.4mcm/d this week.
- European LNG sendout was steady at 300mcm/d on May 13 and holding just above levels seen last week.
- Total European gas storage was 65.19% full on May 12 according to GIE compared to the five year seasonal average of 50.8% with near normal net injection rates on the day.
- Gas transit flows through Ukraine are at 42.4mcm/d today and Algeria gas flow to Italy at Mazara are at 64.95mcm/d.
- ICE TTF daily aggregate traded futures volume was at 270k on May 14.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.