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TTF Trades Higher on Troll Extension

NATURAL GAS
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European gas markets reversed earlier losses and are trading higher on the day following the extension to the maintenance at the large Troll field in Norway to 15 September, but the TTF front month remains below this week’s high of €37.95/MWh.

  • TTF OCT 23 up 2% at 35.41€/MWh
  • TTF WIN 23 up 0.7% at 47.54€/MWh
  • TTF SUM 24 up 0.6% at 50.45€/MWh
  • The maintenance at the 125mcm/d Troll field has been extended by one day until 15 September. The field was initially scheduled to bring the bulk of the capacity back online on 7 September. Unavailable capacity will drop to 95mcm/d on 15-16 September, to 45mcm/d on 16-18 September and to 6mcm/d on 18 September to 5 October.
  • Norwegian gas flows to Europe recovered slightly on the day to 144mcm/d. Unavailable capacity is expected decrease to 189.53mcm/d on Thursday and to 157.6mcm/d on Friday.
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European gas markets reversed earlier losses and are trading higher on the day following the extension to the maintenance at the large Troll field in Norway to 15 September, but the TTF front month remains below this week’s high of €37.95/MWh.

  • TTF OCT 23 up 2% at 35.41€/MWh
  • TTF WIN 23 up 0.7% at 47.54€/MWh
  • TTF SUM 24 up 0.6% at 50.45€/MWh
  • The maintenance at the 125mcm/d Troll field has been extended by one day until 15 September. The field was initially scheduled to bring the bulk of the capacity back online on 7 September. Unavailable capacity will drop to 95mcm/d on 15-16 September, to 45mcm/d on 16-18 September and to 6mcm/d on 18 September to 5 October.
  • Norwegian gas flows to Europe recovered slightly on the day to 144mcm/d. Unavailable capacity is expected decrease to 189.53mcm/d on Thursday and to 157.6mcm/d on Friday.