For those interested I gave some longer thoughts on thermal here on the NHC thread.
https://hotcopper.com.au/posts/77894560/singleAs the charts show, the jaws have widened between TTF (still relatively strong) and thermal (very weak), and the two have tended to correlate very closely over many years. It’s good to see GLEN considering supply cuts as
@hagetaka notes above however for me the real risk is what happens if Trump’s peace deal means Russian gas starts flowing into Europe again. There is a Goldman’s opinion piece in the above link too.
Happy to hear others views where I may be wrong/too cautious. NEWC up slightly overnight defending the $100/t level, likely due to the GLEN commentary.
(20min delay)