Natural gas prices surged worldwide on Monday as the threat of further Russian supply cuts again loomed over a tight market, particularly in Europe where the Dutch Title Transfer Facility (TTF) contract shattered previous records. The prompt TTF settled at $81.52/MMBtu Monday, nearly 15% higher than Friday’s close and well above the $72.765 record set…
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Articles from TTF
Henry Hub Futures Encroaching on $10 Mark Early Amid Euro Supply Worries
Sympathetic to spiking European prices amid constraints on imports from Russia, domestic natural gas futures were soaring in early trading Monday. As of around 8:55 a.m. ET, the September Nymex contract was up 53.5 cents to $9.871/MMBtu. Surging Dutch Title Transfer Facility (TTF) prices in Europe, driven by supply fears amid tensions over the Russian…
European Natural Gas Prices Surge to Highest Levels Since March – The Offtake
European natural gas prices continued their charge higher Tuesday, hitting levels not seen since March. The prompt Title Transfer Facility contract surged by 13% to settle above $59/MMBtu.
European Commission Contemplates Natural Gas, Pipeline Partnership with Azerbaijan
The European Union (EU) could be securing another source of future natural gas supply, this time from Azerbaijan, as member countries continue to prepare for a future without Russian gas. According to a draft European Commission (EC) memo, the EU and Azerbaijan could “aspire to support bilateral trade of natural gas” to the continent and…
All Eyes on NS1 Natural Gas Flows to Europe as Annual Maintenance Begins – LNG Recap
European natural gas prices nosedived on Monday after Canada said it would circumvent sanctions against Russia and ship a key piece of equipment that could help get more supplies flowing to the continent. The Title Transfer Facility (TTF) prompt contract began retreating from four-month highs Friday on reports that Canada would send a repaired turbine…
Oil and Gas Strike in Norway Ends, But TTF Rally Continues
Another crisis for Europe’s gas market was avoided late Monday after the Norwegian government intervened to stop a strike that could have significantly cut production from some of the country’s most critical gas fields. Norway’s Labor Ministry announced late Tuesday that the government took emergency action to intervene in the flagging negotiations between the Lederne…
European Natural Gas Prices Surge to Four-Month High on Supply Squeeze – LNG Recap
European natural gas prices hit their highest point in months on Tuesday, extending a series of gains as the continent continues to face the threat of supply shortages on a number of fronts. A prolonged shutdown of the Freeport liquefied natural gas (LNG) export terminal in the United States, reduced flows from Russia on the…
European Benchmarks Hit Fresh Highs on ICE Amid Push to Secure More Natural Gas
German and Italian natural gas futures listed on the Intercontinental Exchange (ICE) hit fresh highs in May amid a scramble in Europe to secure supplies in the months since Russia invaded Ukraine. European benchmark Title Transfer Facility futures saw 2.8 million lots traded last month, up 5% from April. ICE added that German Trading Hub…
EU Countries Face Market Realities of Restocking Natural Gas After 80% Storage Rule
With an official natural gas storage plan by the European Union (EU) in hand, member countries are bearing down on filling reserves while the market keeps a wary eye on volumes from Russia and U.S. liquefied natural gas (LNG) producers. The European Commission (EC) solidified on Monday a plan that directs storage facilities in member…
EU Approves 80% Natural Gas Storage Plan as Markets Kick Off Another ‘Volatile’ Week
After slightly cooling on an apparent price correction, European energy markets started the week with another leap upward as the European Union (EU) formalized its winter natural gas storage plan. The EU countries officially ratified a plan Monday to reach 80% of natural gas storage capacity available among the 27-country bloc by the winter heating…