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Daily Prices

9/25/24

TTF Climbs Higher on Threats to Global Natural Gas Supplies — LNG Recap

By Jamison Cocklin

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Published in: Daily Gas Price Index Filed under:

European natural gas prices moved higher on Monday as tensions rose in the Middle East and Ukraine.

Graph showing TTF natural gas prices rising amid global supply threats and LNG market trends, highlighting energy market volatility and supply chain disruptions in the European gas sector.

The November Title Transfer Facility (TTF) contract finished 3.5% higher on Monday to close above $12/MMBtu. Israel launched another round of air strikes on Monday against Hezbollah in southern Lebanon, raising the risk of a broader conflict in the region that could threaten global gas supplies.

Ukrainian officials also warned that Russia could be planning strikes against nuclear power sites in the country and fighting continued in the Kursk region near the Sudzha gas transit point.

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Jamison Cocklin

Jamison Cocklin joined the staff of NGI in November 2013 to cover the Appalachian Basin. He was appointed Senior Editor, LNG in October 2019, and then to Managing Editor, LNG in February 2024. Prior to joining NGI, he worked as a business and energy reporter at the Youngstown Vindicator, covering the regional economy and the Utica Shale play. He also served as a city reporter at the Bangor Daily News and did freelance work for the Associated Press. He has a bachelor's degree in journalism and political science from the University of Maine.