NATGAS: Mid-Day Gas Summary: TTF Falls
TTF front month has fallen amid market optimism around US-Iran talks on the sidelines of this week's UN gathering, though remains within yesterday's range. * TTF OCT 26 down 1.3% at 72.4/MWh * Trump said U.S. officials met for three hours with the Iranian delegation to the United Nations General Assembly in New York on Tuesday. US special envoy Witkoff said that lengthy talks have taken place with the Iranian delegation through mediators and they are set to continue. * An empty LNG tanker owned by Qatar's Nakilat has made its way through the SoH to the Persian Gulf over the last few days, * 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 o
TTF front month has fallen amid market optimism around US-Iran talks on the sidelines of this week's UN gathering, though remains within yesterday's range. S. officials met for three hours with the Iranian delegation to the United Nations General Assembly in New York on Tuesday. US special envoy Witkoff said that lengthy talks have taken place with the Iranian delegation through mediators and they are set to continue.
8mcm/d today. 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. 8%, according to GIE data, with net injections down on the day but still above normal. 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. * 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 output has been slightly revised down late this week/early next week, but forecast to peak on Sep 25. 2mcm/d over the previous week but 49mcm/d in August, Snam data shows.