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Free AccessTTF Slips as Norwegian Maintenance Ends
TTF front month is slipping Monday after Norway works end on top of plentiful stock levels and low demand.
- Norwegian gas nominated to flow to the UK and Northeast Europe was 14% above the 5-day moving average, according to Gassco.
- TTF AUG 23 down -5.2% at 24.61€/MWh
- TTF WIN 23 up 0.9% at 45.52€/MWh
- TTF SUM 24 up 0.7% at 47.06€/MWh
- Norway’s Troll field returned last week from annual maintenance, after several delays to the startup according to Gassco. It started maintenance June 19.
- Shell confirmed the restart of the 79.8mcm/d Nyhamna processing plant on 15 July after earlier uncertainty following a previous outage extension after annual maintenance.
- LNG flows to northwest Europe on July 12 were 207.93 mcm/d, 8.2% higher than the 30-day average.
- European gas storage was 80% full on July 15 vs the 5-yr seasonal norm of 66%.
- UK LNG imports nominated at 6.55 mcm/d vs 5-day flow avg 5.08 mcm/d according to the National Grid.
To read the full story
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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.