Front month TTF has opened lower today but remains above the lows of 44.57€/MWh from last week amid healthy Norwegian supplies, increasing LNG deliveries and with little sign of significant cold weather across Europe.

• TTF DEC 23 down -1.6% at 45.9€/MWh
• TTF Q1 24 down -1.7% at 47.6€/MWh
• TTF SUM 24 down -2% at 45.73€/MWh
• TTF WIN 24 down -1.8% at 49.28€/MWh
• European LNG sendout was up to 446mcm/d on 11 Nov having increased from around 380mcm/d at the start of the month. Floating LNG storage at sea for at least 20 days has edged higher again to hold above the previous five year range.
• Norwegian pipeline supply to Europe is today at 327.1mcm/d but is expected to increase tomorrow with the return of capacity at Oseberg following an outage.
• Temperatures in NW Europe are expected to remain generally above normal in the coming week but could fall back closer to normal in the second week of the outlook.
• European natural gas storage was down to 99.45% full on Nov 11 according to GIE data amid smaller than normal withdrawals over the weekend. The five year average storage levels is around 89.6% at the time of year.
• Gas transit flows through Ukraine are at 40.5mcm/d today and Algeria gas flow to Italy at Mazara are today at 54.3mcm/d.
• ICE TTF daily aggregate traded futures volumes were at 249k on Friday.