TTF price soars by almost 10% to near €30/MWh

(April 11) The TTF price soared by almost 10% today to near €30/MWh – its highest level since late January. Geopolitics and unplanned outages are once again driving up volatility:

(1) the risk of an escalation between Israel and Iran sent Brent prices above $90/barrel, while it is also providing upward pressure on gas prices;

(2) Russia again targeted two Ukrainian gas storage facilities;

(3) Freeport Train 3 tripped, with feedgas nominations to the plant down by 80%.

Source: Greg Molnar