据普氏能源资讯11月08伦敦报道，根据标准普尔全球普氏能源资讯分析，荷兰明年第一季度交付的TTF天然气已从其9月历史高点下滑了20%，现在正在测试由石油指数化以及煤炭转换价格和液化天然气（LNG）套利净回值所设定的下限。
尽管货运市场的紧张状况显示出一些疲劳的迹象，然而对亚洲市场不利的LNG重新装载经济表明价格面临进一步下行压力。
关键的欧洲基准目前的定价水平显示出一种更为舒适的平衡，而意外供应中断或天气变冷的影响很有可能会被欧洲基本面更大的灵活性所抵消。
在供应方面接近全面天然气储存和与石油挂钩的合同以及在需求方面在发电组合中的燃气发电都有望提供这种灵活性。
李峻 编译自 普氏能源资讯
原文如下：
Q1 19 European natural gas price finds supports from market fundamentals
The Dutch TTF gas contract for delivery in the first quarter of 2019 has plummeted 20% from its all-time high in September and is now testing a floor set by oil-indexation, as well as the coal switching price and LNG arbitrage netbacks, according to a S&P Global Platts analysis.
Unfavorable LNG reloading economics toward the Asian markets indicate further downward pressure The current pricing level of the key European benchmark indicates a more comfortable equilibrium, with the impact of unplanned supply outage or colder weather likely to be offset by greater flexibility within the European fundamentals.
Near full gas storage and oil-indexed contracts
