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TTF Ticks Higher on Colder Weather


Colder-than-normal temperatures are forecast to spread across much of Europe next week, prompting higher gas demand.

  • Europe has navigated this winter without supply shortage but focus will soon turn to building stockpiles ahead of next winter. Chinese demand and a deeper curtailment in Russian flows remain key supply risks.
  • Europe is expected to attract a high volume of LNG cargoes this summer as Asian demand remains muted despite falling prices.
  • Falling prices have encouraged fuel switching from coal to gas in Europe but renewable use remains high helping to limit gas demand.
  • TTF APR 23 up 3.3% at 44.17€/MWh

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