Apr. 15 at 1:36 AM
$VG I think your post is a bit of a mischaracterization that the Q1 liquifaction fee is par going forward. In Q1 TTF made a run to
$40 then turned right around. Immediately pre-war TTF was roughly 30 euros, it now sits at just under 43. Meanwhile Natgas had a couple runs at
$5 and has been falling steadily since. Now sitting at
$2.59. TTF and NG have both fallen about 14+% in the past month so the “war” margin remains in tact and should be higher than Q1.
