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NEWS
  • European natural gas: TTF prompt steady, curve up on Brent crude

    Dutch and German day-ahead gas prices edged higher on the forward curve Thursday 

    morning, following rising Brent crude prices and despite lower demand expectations that 

    continued to drag TTF prompt contracts lower. 


    * Norwegian flows down to 46 million cu m Wednesday 

    * Velke Kapusany gas receipts up on higher Italian demands 

    * Temperatures in Germany 7-9 C above norms 

    Around midday London time, TTF Summer 2018 and Summer 2019 traded at Eur16.825/M

    Wh  and  Eur 16.45/MWh,  up 2.5 euro cent/MWh and 5 euro cent/MWh, respectively, from 

    Wednesday's assessment. 


    The momentum received on the curve was boosted by bullish Brent crude prices overnight,

     a trader said. 


    TTF  day-ahead  last dealt at Eur17.775/MWh, down 5 euro cent/MWh from Wednesday's 

    assessment,  while  the German NetConnect day-ahead advanced 12.5 euro cent/MWh to 

    Eur17.85/MWh. 


    CustomWeather forecast Friday temperatures in Amsterdam at 4 degrees Celsius above 

    seasonal norms of 6/1 C, compared with 6 C above Thursday. 


    Friday temperatures in Berlin, in the German GASPOOL gas prices area, were expected at 

    9 C above seasonal norms of 3/-2 C, while in Munich, in the NCG area, Friday temperature

    s were expected steady at 7 C above norms. 


    On the supply side at around midday London time, Norwegian flow rates into Emden-Dornum 

    on the Dutch-German border were 128 million cu m/d, compared with 106 million cu m/d on 

    Wednesday, according to transmission system operator Gassco. 


    Norwegian  gas  flows  to Netherlands dropped on Wednesday to 46 million cu m from 61.4 

    million cu m on Tuesday, according to S&P Global Platts Analytics. 


    Nominations for Dutch gas production were at 103 million cu m on Thursday. 

    Russian gas flows via Velke Kapusany, on the Slovakia/Ukraine border, which receives gas vi

    a the Brotherhood pipeline, rose to 52.7 million cu m on Wednesday as the Italian gas system 

    required  more  Russian  gas  on  Thursday's gas  day  due  to  a  cut in import capacity from 

    Algeria lasting 24 hours. 

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