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TTF Prices Dipping

NATURAL GAS

TTF gas is down today despite signs that the Nord Stream 1 pipeline full return will be delayed until August as Russia wait on the arrival of a turbine from Canada. Norwegian supply rises to higher levels following outages last week. Nominations for Norwegian flows to UK and NW Europe have risen to 335.4mcm/d today.

• TTF AUG 22 down -2.9% at 155€/MWh

• European storage levels are still creeping higher despite the Nord Stream outage with stocks around 63% of capacity.

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