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TTF Prices Climb Despite Weak Asian Demand as Natural Gas Supply Concerns Continue — LNG Recap

Natural Gas Intelligence · last updated

European natural gas prices bounced back on Monday after posting a weekly loss on Friday for the first time in four weeks with storage worries mounting.

Image showing a comprehensive market analysis of the European Union’s gas storage levels with graphs representing trends in inventories, highlighting key insights into energy market dynamics and gas data projections for the near future.

Natural gas inventories on the continent have been steadily rebuilding, but are still at 48% of capacity, compared with 70% at this time last year. The Title Transfer Facility (TTF) prompt month contract added about 30 cents to finish higher at $11.72/MMBtu on Monday after falling nearly 7% over the course of last week.

Norwegian output remained at about 10 Bcf on Monday as seasonal maintenance is underway. That’s down from typical levels of about 12 Bcf/d.

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