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TTF Time Spreads Narrow as Near Term Regains Some Ground

NATURAL GAS

TTF front month rallies back to flat on the day but is still set for a net decline on the week with warm weather dominating over much of Europe enabling gas in store levels to remain well above normal.

  • TTF time spreads have narrowed slightly today on the near term gains as the latest weather forecast shows slightly cooler to the end of February, but temperatures remain above normal.
  • Front month continues to trade below summer although the Mar 2024 - Sum 24 spread has narrowed slightly to -0.50€/MWh.
  • The Sum 24 – Win 24 spread has also narrowed back to -4.4€/MWh from as low as -5€/MWh yesterday while the Sum24-Sum25 spread is in to -2.75€/MWh.
    • TTF MAR 24 down 0% at 23.19€/MWh
    • TTF SUM 24 down -0.2% at 23.72€/MWh
    • TTF WIN 24 down -1.4% at 28.1€/MWh
    • TTF SUM 25 down -1.6% at 26.45€/MWh

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