Bullish
French PEG gas prices surpass Dutch TTF for first time since July 2024
In the past 24 hours, the French PEG front-month natural gas contract has risen above the Dutch TTF for the first time since July 2024, driven by reduced LNG imports and heightened competition for cargoes. This shift reflects a tightening European gas market amid ongoing geopolitical tensions.
Key points
- French PEG front-month contract now at €61.860/MWh, surpassing Dutch TTF.
- French LNG imports down 62% in July, intensifying supply competition.
- French gas storage at 53.54%, 19.91% below last year, but still above EU average.
Sources
AI-generated from public news sources. Not financial advice.
