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TTF Resumes Decline on Norway Supply Return

NATGAS

TTF resumes a decline with further confirmation of a return of the Norwegian supplies following an unplanned outage due to repairs required to the Sleipner riser platform.

  • The unavailable Nyhamna capacity is set to reduce to 44.8mcm/d from June 7 and Easington capacity reduction to 18.5mcm/d on June 7 according to the latest Gassco update.
  • Gassco yesterday suggested the repair schedule from the operator of the Sleipner riser platform was expected to take two days.
  • TTF is falling towards the low of €33.05/MWh from May 29 after spiking to a peak of €38.7/MWh on June 3 due to the outage.
    • TTF JUL 24 down 0.5% at 33.64€/MWh
    • TTF Q3 24 down 0.5% at 34€/MWh
    • TTF WIN 24 down 1.2% at 37.78€/MWh
    • TTF SUM 25 down 1.5% at 34.95€/MWh

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