Free Trial

TTF Slides Further

NATURAL GAS

TTF front month has further pulled back in today’s session as markets await a final decision on industrial action at Chevron’s LNG facilities in Australia, while healthy storage levels in Europe and an increase in NW European LNG arrivals are limiting upside.

  • TTF SEP 23 down -7.7% at 35.45€/MWh
  • TTF WIN 23 down -5% at 49.65€/MWh
  • According to an initial ICIS analysis estimate, which captures one week of strike action at Chevron’s Gorgon and Wheatstone facilities, there would be a 20% cut in output, equal to a net loss of 95,100tonnes or only 1.5 cargoes.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.