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TTF Holds Steady After Recent Decline

NATGAS

TTF holds steady after falling to the lowest since April 10 yesterday amid muted demand and healthy supplies despite seasonal maintenance in Norway and risks from Russian attacks on Ukrainian gas infrastructure.

    • TTF JUN 24 up 0.1% at 28.09€/MWh
    • TTF Q3 24 up 0.1% at 28.64€/MWh
    • TTF WIN 24 up 0.5% at 33.46€/MWh
    • TTF SUM 25 up 0.3% at 31.81€/MWh
  • Norwegian pipeline supplies to Europe are today nominated at 266.1mcm/d with capacity outages totalling 79.3mcm/d today according to Gassco. Outages due to planned maintenance are expected to range between 48.58mcm/d and 72.8mcm/d until May 9.
  • Temperatures across Europe are expected above normal throughout the two week forecast and especially high in the Nordic region in the coming days. Temperatures could however drift back towards normal in the second week of the outlook.
  • Total European gas storage is back within the previous five year range at 61.77% full on April 28 according to GIE despite a return to net injections. The five year seasonal average is 46.5% full.
  • European LNG sendout was stable at 339mcm/d on April 28 compared to an average of 349mcm/d over the previous week.
  • Gas transit flows through Ukraine are at 42.2mcm/d today and Algeria gas flow to Italy at Mazara are at 62.8mcm/d.
  • ICE TTF daily aggregate traded futures volume was down at 275k on Apr. 29.
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TTF holds steady after falling to the lowest since April 10 yesterday amid muted demand and healthy supplies despite seasonal maintenance in Norway and risks from Russian attacks on Ukrainian gas infrastructure.

    • TTF JUN 24 up 0.1% at 28.09€/MWh
    • TTF Q3 24 up 0.1% at 28.64€/MWh
    • TTF WIN 24 up 0.5% at 33.46€/MWh
    • TTF SUM 25 up 0.3% at 31.81€/MWh
  • Norwegian pipeline supplies to Europe are today nominated at 266.1mcm/d with capacity outages totalling 79.3mcm/d today according to Gassco. Outages due to planned maintenance are expected to range between 48.58mcm/d and 72.8mcm/d until May 9.
  • Temperatures across Europe are expected above normal throughout the two week forecast and especially high in the Nordic region in the coming days. Temperatures could however drift back towards normal in the second week of the outlook.
  • Total European gas storage is back within the previous five year range at 61.77% full on April 28 according to GIE despite a return to net injections. The five year seasonal average is 46.5% full.
  • European LNG sendout was stable at 339mcm/d on April 28 compared to an average of 349mcm/d over the previous week.
  • Gas transit flows through Ukraine are at 42.2mcm/d today and Algeria gas flow to Italy at Mazara are at 62.8mcm/d.
  • ICE TTF daily aggregate traded futures volume was down at 275k on Apr. 29.