June 30, 2022 07:44 GMT
Continuing supply disruption drives European gas prices higher. TTF front month traded up 10€/MWh yesterday and is up a further 3.5€/MWh today at 143.7€/MWh.
- Nord Stream flows are once again nominated at the reduced amount of 64.65mcm/d with transit through Ukraine at 42.2mcm/d. There are still no signs of an increase in flows through Nord Stream. Russia is maintaining that the curtailment is due to the delayed return of a turbine from repair in Canada due to sanctions however many in Europe believe the flow reduction is political.
- Norwegian supply is steady with nominations today at 318.9mcm/d down slightly from yesterday due to a compressor failure at the Martin Linge field.
- European storage is up near 5-year average levels at 57.61% as Europe manages to maintain injections despite the supply disruptions.