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TTF Recovery Unwinding

NATURAL GAS

European gas markets are edging lower today. End of season supplies are stable, allowing storage injections. Ongoing disruption to French LNG imports and small outages to Norwegian imports remains.

  • TTF APR 23 down -3.6% at 41€/MWh
  • TTF SUM 23 down -3.3% at 41.75€/MWh
  • TTF WIN 23 down -2.5% at 50€/MWh
  • The latest weather forecast shows warm temperatures in Europe this week before falling back below normal into next week.
  • Total European LNG sendout averaged just over 400mcm/d last week with industrial action at French terminals continuing to cause cargo diversions within Europe.
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