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TTF Holding Within €1/MWh Range Amid Stable Fundamentals

NATGAS

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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