TTF front month regains ground back up over 34€/MWh amid ongoing supply risk into Europe. Disruption to Australia LNG output remains a threat to global LNG supplies and competition for supplies from Asia.

• Offshore Alliance members have endorsed an in-principle agreement with Woodside Energy but unions at Chevron's LNG facilities in Australia on Friday warned of stoppages if demands over wages and conditions were not met.
• Pipeline gas supplies to Europe are dropping due to the start of seasonal Norwegian maintenance. The main outages are expected to last for the next ten days before seeing a gradual reduction in outages throughout September.
• The US LNG netbacks remain in favour of supply to Asia over Europe while the Sep JKM-TTF spread is holding around 1.4$/mmbtu according to Bloomberg.
  • TTF SEP 23 up 7.6% at 34.36€/MWh
  • TTF WIN 23 up 3.4% at 48.93€/MWh
  • TTF SUM 24 up 2.8% at 50.82€/MWh
  • TTF WIN 24 up 2.5% at 54.27€/MWh