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MNI US Macro Weekly: Politics To The Fore
TTF Plunges On Scheduled Nyhamna Return
TTF fell sharply, after recovering earlier in the session, because Shell confirmed the restart on 15 July for the Nyhamna processing plant, shrugging off the delayed maintenance at the Troll field.
- Shell said earlier it was preparing for the start up of the 79.8mcm/d Nyhamna processing plant for 15 July after an unplanned outage delayed the facility’s return from annual maintenance.
- TTF AUG 23 down -9.3% at 26.37€/MWh
- This is despite updated remit data that the maintenance at the Troll gas field has been extended by one day until Friday, with an unavailability of 21.5mcm/d. The maintenance has been pushed back several times.
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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.