Energy

Filed

• brief17 Sept
  TTF: storage is full, the risk is in the flow
  European storage entered autumn above the five-year average. That is a cushion, not a hedge — a cold winter and a supply interruption together would still drain it by February.
• article04 Sept
  The gas price is a geopolitical price
  Oil has a hundred sellers and a global tanker fleet. Gas has pipelines, a handful of LNG exporters, and a shipping leg that runs through the same chokepoints as everything else. That is why TTF moves on headlines that Brent ignores.

Wire

1. 18 Sept 06:40ZTTF opens firmer on reports of unplanned maintenance at a Norwegian processing plant; flows to the continent down sharply on the day.
2. 17 Sept 16:05ZEU gas storage fill edges higher; injections slow as the front of the curve flattens into October.
3. 17 Sept 08:00ZJKM–TTF spread narrows; two Atlantic cargoes reported diverted back toward Europe.
4. 15 Sept 15:40ZEUA December contract steady; auction volumes for Q4 published.
5. 14 Sept 16:00ZHenry Hub drifts lower on mild weather; LNG feedgas steady near record.