FX.co ★ TTF Prices Hover at 2-Week Low

European natural gas futures remain stable, hovering around €33/MWh, the lowest level seen in over two weeks. This stability is attributed to robust supply and relaxed storage regulations that are easing market pressures. Despite extended maintenance at Norway’s significant Troll field, now anticipated to continue until Thursday with reduced output, pipeline flows are unchanged. Meanwhile, LNG imports into the EU are exceeding seasonal averages, aiding in the replenishment of inventories ahead of winter. Additionally, the demand for LNG in Europe is surpassing the weaker-than-anticipated demand in Asia. EU storage capacities currently stand above 65%, compared to 83% during the same period last year, with Germany at over 57%, Italy exceeding 77%, and France near 73%. In an effort to support restocking, the European Parliament has approved more lenient storage targets, allowing countries until December to achieve 90% capacity, extending from the previous deadline of September.