• Natural Gas News

    TTF price dips slightly in early trading

Summary

The contract has been on a renewed rally since October 11.

by: Joseph Murphy

Posted in:

Complimentary, NGW News Alert, Natural Gas & LNG News, Europe, Corporate, Market News, News By Country, Netherlands

TTF price dips slightly in early trading

The contract for November gas delivery at the Dutch TTF gas hub is trading at €102.4/MWh ($1,091/'000 m3) as of 07:40 GMT, down slightly from €104/MWh at the previous close of trade.

After peaking at a weighted day average of €116/MWh on October 5, the November contract declined over the following days, landing at €85.2/MWh on October 11. But since then it has been rallying once more.

The European Commission proposed on October 13 a "toolbox" of measures to shield consumers and businesses from the spike in energy prices, including financial support for energy-poor users. But this announcement had seemingly little impact on prices.