TTF rally breaks on Dec 17
The January gas delivery contract at the Dutch TTF hub is down 5.4% as of 09:35 GMT on December 17, at €135.1 ($153)/MWh, following a sharp spike during the previous trading session.
TTF surged to a record €142.8/MWh on December 16, building on earlier gains over the past week. Gazprom, Europe's biggest gas supplier, has cut back on deliveries in recent weeks, and there are also concerns about low gas storage levels and a risk of gas transit via Ukraine getting disrupted amid escalating border tensions between the country and Russia.
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Gas storage facilities in the EU and the UK were only 61% full as of December 17, according to data published by Gas Infrastructure Europe.