NATGAS: TTF Steadies After Fall on Talks Optimism
TTF front month is holding within yesterday's range after a drop to a low for the month and briefly below 70/MWh amid market optimism as talks continue on the sidelines of this week's UN gathering. * Norwegian pipeline supplies to Europe are estimated down at 226.8mcm/d today. Gassco shows total capacity reductions at a peak of 145.8mcm/d today, including the unplanned reduction at Troll, and expected to decline to 126mcm/d tomorrow, 52mcm/d by Sep 26 and down to 20mcm/d by Oct 1. * European gas storage was up to 70.14% full on Sep 21 compared to the five-year seasonal average of 85.8%, according to GIE data, with net injections down on the day but still above normal. * NW European LNG sendout is estimated up to 209.3mcm/d on Sep 22 after rising this week from an average of 165mcm/d in the first half of Sep, Bloomberg shows. * Temperatures in NW Europe are expected to warm toward month end before cooling slightly into October. The ECMWF two-week forecast for NW Europe is 2.4 CDD lower and 6.2 HDD higher relative to the previous model run. * Wind output in CWE has been revised up for the remainder of this week to a peak tomorrow but sharply revised down for mid-next week. Solar PV o