# TTF Spikes Despite High Storage as Market Weighs Tightening LNG Supply - LNG Recap

> European TTF gas prices rose about 25 cents to roughly $9.92/MMBtu despite EU storage at 83% full, well above the five-year average. Analysts flagged possible tightening of LNG supply to Northwest Europe.

- Date: 2023-07-24 · published 2023-07-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/35225-ttf-spikes-despite-high-storage-as-market-weighs-tightening-lng-supply-lng-recap
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Higher European gas prices lift the cost of nitrogen fertilizer production, supporting urea and ammonia prices and indirectly raising feed input costs.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/ttf-spikes-despite-high-storage-as-market-weighs-tightening-lng-supply-lng-recap/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.