May 24, 2024 12:56 GMT
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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