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TTF Steady After Pull Back with Return of Warm Weather Forecast

NATGAS

TTF front month is relatively unchanged today but heading for a net decline on the week after pulling back from a high of 29.745€/MWh on Mar. 19.

    • TTF APR 24 down 0% at 26.4€/MWh
    • TTF SUM 24 down 0.1% at 26.59€/MWh
    • TTF WIN 24 down 0.3% at 30.5€/MWh
    • TTF SUM 25 down 0.2% at 29€/MWh
  • Warmer than normal temperatures are expected in Europe at the end of March and into April after a brief period of near normal over the coming weekend.
  • Norwegian pipeline supplies to Europe are today nominated up to 339.5mcm/d from a low of 313mcm/d on Mar. 17 amid easing field outages.
  • European LNG sendout was relatively unchanged on the day at 330mcm/d on Mar. 20 compared to an average of 319mcm/d over the last week.
  • European gas storage was at 59.29% full on Mar. 20 according to GIE compared to the seasonal five year average is 41.8%. Net withdrawal rates are holding near normal levels this week.
  • Gas transit flows through Ukraine are at 42.4mcm/d today and Algeria gas flow to Italy at Mazara are again higher up to 68.9m/d.

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