NATURAL GAS: TTF Extends Losses
Jul-19 10:45By: Felicia Grosse
TTF front month is further declining amid improving supplies from Norway, while European net storage gas injections have recovered to levels above the five-year average in recent days.
- TTF AUG 23 down -4.6% at 25.84€/MWh
- Pipeline natural gas flows from Norway to northwest Europe and the UK recovered to 335.6mcm/d today.
- European gas stocks remain just below the top-range of the five-year average at 82.09% of capacity on 17 July, compared with the 2018-2022 average of 67.02%. Net gas storage injections stood the past three consecutive days above the five-year average after a prolonged period of below norm injection levels.
