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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.
NATURAL GAS
TTF front month is back trading near flat on the with disrupted Norwegian maintenance and cool weather in NW Europe.
- Some Norwegian maintenance has been cut short or pushed back because of Norwegian industry strikes. Kollsnes maintenance will end eight days earlier than planned by tomorrow, and some works at Troll are delayed until next week. Oil and gas production is unaffected by the strikes.
- Norwegian supply outages had helped push TTF up to a high of 42.4€/MWh earlier today.
- The return of some industrial gas usage is supporting prices but the resumption has been slow and many factories remain shut. While industry is “showing signs of recovery, driven by refining and petrochemical sectors, potential permanent ammonia production loss means we may be overestimating industrial demand this year,” according to Energy Aspects last week. They added that power stations are also unlikely to shift heavily to using gas again.
- TTF MAY 23 down -0.1% at 41.12€/MWh
- TTF WIN 23 down -0.1% at 56.03€/MWh
- TTF SUM 24 up 0.1% at 54.3€/MWh
Source: Bloomberg
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.
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