NatGas

More euro headwinds: TTF natural gas prices rise 10%. On track for highest-ever close

• Natural gas prices aren't helping the euro

US weekly EIA natural gas storage change +44 bcf vs +39 bcf expected

• Weekly storage data

Germany reaffirms that it rules out approval of Nord Stream 2 pipeline

• Germany says that it stands by sanctions against Russia

CAD Finance Minister Freeland shows support for east coast energy export infrastructure

US natural gas futures bolt higher

• 11% move and I can't find any news

Japan has delayed the restart of a nuclear reactor

Australian authority urges the government to consider curbing gas exports due to shortage

Russian state-owned Gazprom said on Saturday it had stopped supplying gas to Latvia

Weekly US natural gas inventories +15bcf vs +22bcf expected

• Natural gas inventories have grown tight on power draw

Pipeline flows and politics are increasing drivers for the euro

• Reports of a cutoff of supplies via Ukraine

Physical flows through Nord Stream 1 pipeline fall as expected

• This is expected as Russia is halving deliveries via the pipeline starting from today

European natural gas prices are going supernova again

• Prices up 20% today

EU says gas savings deal would provide enough for an average winter

• Worries about gas supplies continue to mount

EU countries reach deal on regulation for emergency gas cuts this winter

• Just be wary that this is a weakened proposal

ICYMI - Russia to slash gas supply to Europe to just 20% of Nord Stream1 pipeline capacity