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TTF Surges on Highest Since Dec on Extended Norway Outages

NATGAS

TTF surges to the highest since December amid supply concerns as the Norway unplanned outages at Nyhamna and Easington are extended and now expected to last until at least Wednesday according to Gassco.

  • The Nyhamna outage of 79.8mcm/d due to downstream restriction and Easington outage of 72.5mcm/d on an upstream restriction have both been extended for June 4 and still with uncertain duration.
  • Norwegian pipeline supplies to Europe are today nominated down at 255.9mcm/d.
    • TTF JUL 24 up 7.8% at 36.9€/MWh
    • TTF Q3 24 up 7.4% at 37.22€/MWh
    • TTF WIN 24 up 5.3% at 40.95€/MWh
    • TTF SUM 25 up 3.8% at 37.63€/MWh

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