• Natural Gas News

    TTF eases back as Russia ramps up flow

Summary

The December gas delivery contract at the Dutch TTF hub was down 4.7% as of 16:00 GMT.

by: Joseph Murphy

Posted in:

Complimentary, Natural Gas & LNG News, Europe, Market News, News By Country, EU

TTF eases back as Russia ramps up flow

Wholesale gas prices in Europe fell on November 10, a day after Russia's Gazprom followed through on a plan to start delivering gas to its storage facilities on the continent.

The December gas delivery contract at the Dutch TTF hub was down 4.7% as of 16:00 GMT, at €69.2 ($79.70)/MWh. This comes after the contract lost 8% of its value on November 9.

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European wholesale gas prices have soared in recent months on the back of constrained supply and a rebound in demand.