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TTF Recoups Losses to Trade Higher

NATGAS

Front month TTF has reversed earlier losses to trade higher on the day amid curtailed Norwegian supplies and a lack of progress in ceasefire talks.

    • TTF MAY 24 up 1% at 26.87€/MWh
    • TTF Q3 24 up 0.8% at 27.53€/MWh
    • TTF WIN 24 up 1.1% at 32.1€/MWh
  • Norwegian gas supplies to Europe are nominated today at 326.8mcm/d. Unplanned works at the Asgard field reduced supplies by 12.7mcm/d on 8-9 April, and by 7mcm/d on 9-10 April amid process problems. Planned works at the Gulfaks field reduced supplies by 5.3mcm/d on 8-9 April.
  • Reuters reporting comments from an unnamed Hamas official claiming that "no progress has yet been made" in the ceasefire talks that are taking place in Cairo. The comments come in contrast to those made by a senior Egyptian official earlier on 8 Apr claiming that there had been some movement towards a ceasefire agreement.
  • Sources told Bloomberg that Egypt is looking to buy one LNG shipment per month through July or August to avoid power blackouts during the summer.

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