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European Natural Gas Prices Fall as Supply Outages Ease – LNG ... - Natural Gas Intelligence

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European Natural Gas Prices Fall as Supply Outages Ease - LNG Recap - Natural Gas Intelligence

European natural gas prices fell again on Monday, picking up where they left off last week as the market is for now well supplied and storage inventories are on track to fill ahead of winter.

The prompt Title Transfer Facility (TTF) fell by 10% Monday and settled below $10/MMBtu. The contract has lost steam after recording its biggest monthly gain since last year in June.

The supply outages that weighed on the European market last month have eased. U.S. LNG exports hit 1.72 million tons (Mt) last week, the highest point since the end of May, as operations ramp back up following a stretch of maintenance, according to Kpler. Norwegian output has ticked back up as well, with nominations at about 9 Bcf overall, or 494 MMcf higher than Friday, as maintenance work in the North Sea...

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