The current year-on-year gas storage deficit in the Netherlands may not be significantly reduced until the third quarter and could even increase in June, according to an ICIS analysis based on near-curve price signals.
ICIS has used near curve pricing at the TTF through May 2017 to create a storage injection outlook for the Netherlands, based on the correlation between the injection curve and near curve price spreads in May last year.
ICIS looks at what a late effort to fill Dutch storage sites could mean for the market. The Netherlands is Europe’s most liquid gas hub and plays a key role in influencing prices at other European gas hubs.
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