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TTF Slips Back Friday as Gazprom Fears Assessed

NATGAS

Front month TTF has slipped Friday indicating fears are abating against strong stockpiling for this time of year and mild weather.

  • Russian supplies to Austria are under threat while Norway’s Kollsnas processing plant extended delays, prompting prices higher Thursday.
  • The move this week may mark a ceiling for European gas prices during a period of seasonal weakness unless disruptions or heat waves take hold.
  • Austria’s OMV said this week that they had alternative supply options if Russia stop supplies though warned a price increase was likely.
  • TTF JUN 24 down -4% at 33.83€/MWh
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Front month TTF has slipped Friday indicating fears are abating against strong stockpiling for this time of year and mild weather.

  • Russian supplies to Austria are under threat while Norway’s Kollsnas processing plant extended delays, prompting prices higher Thursday.
  • The move this week may mark a ceiling for European gas prices during a period of seasonal weakness unless disruptions or heat waves take hold.
  • Austria’s OMV said this week that they had alternative supply options if Russia stop supplies though warned a price increase was likely.
  • TTF JUN 24 down -4% at 33.83€/MWh