DAILY MARKET REPORT – 09/06/2025
A muted session on Friday to end the week, ending flat overall compared to the previous day.
Energy demand in Asia being lower following a monsoon allows a little more flexibility on spot LNG heading towards Europe.
That will be helpful as this month sees lots of Norwegian planned outages, although gas stocks are now above the 50% level. The injection level will be needed to maintain in order to secure sufficient stock levels by the end of summer for the upcoming winter season – and we remain close to the key 2022 trendline.
Friday saw the TTF Front Month contract settle at €36.25 (from €36.39) and the NBP Front Month contract at 84.91p (from 85.42p).
No unplanned outage this morning and we see a Norwegian flow nomination level at 272mcm (273). EU gas storage showing at 50.97% (49.88%) full as per AGSI+. LNG vessels due to arrive in UK the next couple of weeks is 2 (2).
This morning we see the Front Month TTF contract at €36, NO CHANGE to the previous settlement.
A quick check on some key contracts (rounded to nearest whole):
Curve TTF Front Month €36, Front Season €38 (vs €36 and €38)
Curve NBP Front Month 85p, Front Season 96p (vs 85p and 96p)
UK Gas NBP spot 86p (from 87p)
UK Power Base spot £82 (from £75)
UK power prices show the UK Front Month Baseload contract at £76 (£77) and Front Season at £86 (£86).
In other areas of the market Brent Oil is at $66 ($65) and EUAs are at €74 (€73). Henry Hub is at $3.78 ($3.68) and JKM is at $12.45 ($12.42) with TTF Equiv of $12.13 ($12.23).
Numbers in brackets show the previous reports value.
Market Insights 09/06/2025
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