TTF has opened higher again today with front month up over 34€/MWh from a low of below 25€/MWh seen last week on support from Russian and LNG supply risks.

• TTF AUG 23 up 4.6% at 34.15€/MWh
• TTF WIN 23 up 2.9% at 52.49€/MWh
• LNG sendout to Europe has dropped below levels seen last year down to an average around 310mcm/d over the last few days compared to the average so far in July of 342mcm/d.
• Total European gas in store is up at the top of the five year range after recent strong injection rates. Storage was up to 84.0% full on 24 July according to GIE data compared to the five year average of 68.8%.
• The latest two week weather forecast shows temperatures in southern Europe easing back near normal in the next couple of days before rising back above normal into next week. Temperatures in NW and central Europe are mostly holding at or just below normal.
• Norwegian pipeline supplies to Europe are relatively unchanged at 340.2mcm/d today.
• Gas transit flows through Ukraine are unchanged today at 42.4mcm/d and Algeria gas flow to Italy at Mazara are at 57.9mcm/d.