TTF Prices Rebound on Tuesday
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European natural gas futures rebounded to €36.3/MWh after a 4% drop on Monday, driven by low gas storage levels in the EU, currently at 49.9% full compared to 61% last year. Major hubs like Germany and France are seeing significant declines in reserves. Cooler temperatures may increase demand, while competition for LNG cargoes is expected to rise. Supply concerns are heightened by reduced nominations at French terminals and geopolitical tensions between the US and Europe, with the EU relying heavily on US gas exports.
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