Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber (, Please navigate to Platts Market Center to reset your password.

In this list
Natural Gas

Dutch natural gas flows to Germany drop to 16-month low in January

Energy | Natural Gas | LNG | Oil | Refined Products

Interview: Satvinder Singh, Enterprise Singapore

Natural Gas | Oil

Platts Wellscape P2P

Oil | Crude Oil

Platts Workshop at the S&P Global Platts Energy

Natural Gas

Turkey pushes ahead with natural gas infrastructure expansion

Dutch natural gas flows to Germany drop to 16-month low in January

German net imports of natural gas from Netherlands dropped to a 16-month low in January, as Russian imports kept German hubs at a discount to TTF and Dutch L-cal production and flows dropped off in response to mild continental temperatures, traders said Friday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

* Jan flows at 843 mil cu m, down from 2 Bcm a year ago * TTF spot largely at premium to GASPOOL, NCG in Jan * Lower heating demand reduces need for L-cal gas

German net imports of Dutch natural gas more than halved year on year to 842.7 million cu m in January, from 2.0 Bcm, S&P Global Platts Analytics data showed.

The drop comes amid a sharp rise in German H-cal gas flows to the Netherlands, which rose to 1.1 Bcm in January -- the highest level recorded -- after amounting to just 374.1 million cu m in January last year.

Exports of L-cal gas to Germany were also lower at 1.9 Bcm, down from 2.3 Bcm in January 2017.

TTF day-ahead values have remained largely at a premium to the corresponding GASPOOL and NCG prices for most of January, averaging 10.9 euro cent for NetConnect and 20.5 euro cent for GASPOOL.

"[Looking at] the NCG/TTF spread it is clear that TTF is no longer the cheapest market," a trader in the Dutch and German markets said.

"TTF is still cheap in summer but in winter you can now see the impact of lower Groningen production."

Summer 18 GASPOOL premium to TTF averaged 12.6 euro cent in January, while the equivalent NCG spread averaged 32.8 euro cent.

Market sources said production of L-cal gas tends to fall during periods of warmer weather such as that seen over the past month.

Production is likely to rise next week, the trader said. Dutch production fell to an average of 116.1 million cu m/d for January 24-February 1, from 135.1 million cu m/d seen during the first half of January.

L-cal gas produced from the Groningen gas field is used as a domestic fuel in the Netherlands for residential heating as well as in the industrial process, with the country also exporting L-cal gas for domestic use to Germany, Belgium and France.

The Dutch gas regulator, the State Supervision of Mines, said Thursday that gas production from the giant Groningen field should be cut to a maximum of 12 Bcm/year as soon as possible to further minimize the risk of earthquakes.

Markets sources said this is likely to keep the TTF at a premium to its German counterparts.

"Russian gas should be cheaper in Germany than in the Netherlands; the transport route is shorter," the trader said.

--Ornela Figurinaite,
--Edited by Jonathan Fox,