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TTF up on reduced Norwegian supply

NATURAL GAS

European gas prices higher due to lower supply from Norway.

  • TTF Jun22 up 1% to 85.3€/MWh
  • Lower Norwegian supply due to planned maintenance is reducing flow nominations to just 299.6mcm/d today. This compares to average flows of approximately 318mcm/d last week.
  • Russian supply remains unchanged with transit via Ukraine at 44.35mcm/d and Nord Stream flows steady with nominations of 73.4GWh/h.
  • Strong LNG flows and ever increase storage levels are helping to keep prices down. European storage levels are now up to 43.6%.

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