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TTF Reverses Earlier Losses On Tighter Supply

NATURAL GAS

Front month TTF reversed earlier losses and is trading higher on the day on supply concerns from Norway.

  • Pipeline imports from Norway remained lower than normal 229.4mcm/d due to the ongoing maintenance season, while outages at Norne and Oseberg were extended yesterday. The unplanned outage at Hammerfest LNG also been extended.
  • Prices also received some support with above-normal temperatures in northern Europe, supporting demand for cooling.
  • TTF JUL 23 up 5.8% at 27.85€/MWh

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