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TTF Prices Back in Line with West Europe Hubs after 2022 Premium

NATURAL GAS

The high premium of Dutch & German gas prices over west European gas prices (UK, French & Spanish) seen last year has not been repeated this year due to central Europe's increased ability to access LNG imports according to ICIS.

  • Dutch TTF and German gas prices last year soared higher over hubs such as UK NBP, the French PEG and the Spanish PVB as the Dutch and German regions couldn’t source any more LNG with only one import terminal and after the halt to Russia pipeline flows. Dutch/German gas prices have been trading back in line with UK/French/Spanish gas prices this summer.
  • In the last year new terminals have come into operation include the EemsEnergyTerminal in the Netherlands; Wilhelmshaven, Lubmin and Brunsbuettel in Germany and Piombino in Italy.
  • The Transgas Force floating storage and regasification unit now at Stade in Germany will be Germany's fourth import project. The Cape Ann FSRU is expected at Le Havre in northern France later this year as a new import project for France.


Source: ICIS

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