MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TTF Steady Amid Middle East Risks and Troll Supply Cut

NATURAL GAS

TTF is holding steady today with increasing geopolitical risks and curtailed Norwegian pipeline supplies set against bearish pressure from mild weather and high storage.

    • TTF MAR 24 up 0.1% at 28.23€/MWh
    • TTF SUM 24 up 0.2% at 28.72€/MWh
    • TTF WIN 24 down -0.1% at 32.7€/MWh
  • The situation in the Middle East deteriorated with the US killing an Iranian-backed militant leader in Baghdad and Israel appearing to reject a ceasefire deal or a pause in the fighting in Gaza.
  • Norwegian pipeline supplies to Europe are today nominated at 321.1mcm/d with the Troll capacity reduction extended until at least Friday due to a compressor failure.
  • Mild temperatures are expected across most of Europe as the chance of cooler weather back near to normal has been pushed back into the second half of February.
  • European natural gas storage at 68.29% full on Feb 6 according to GIE data compared to the seasonal five year average of 54.3% with net withdrawal rates remaining low this week.
  • European LNG sendout was up again to 346mcm/d on Feb 6 but still below the average of 379mcm/d seen during January.
  • Gas transit flows through Ukraine are at 42.4mcm/d today and Algeria gas flow to Italy at Mazara is today at 41.8mcm/d.
  • ICE TTF daily aggregate traded futures volume was at 219k yesterday.
Energy BulletsCommodities
Energy BulletsCommodities

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.