Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATURAL GAS
Germany can rebuild its natural gas stockpiles this summer without state intervention as seen at the peak of the energy crisis last war according to Trading Hub Europe (THE).
- THE purchased 50TWh of gas for storage in 2022, after the government approved €15bn in loans to the firm to cushion the impact of Moscow’s supply squeeze. THE was criticized by some observers for spending too much as prices climbed to a record €340/MWh in August.
- Now prices have slumped below €40/MWh and spreads between summer and winter contracts are returning to normal. Futures for the upcoming heating season are trading at a premium, encouraging inventory refills, Sebastian Kemper, one of managing directors at THE, said.
- “In my opinion, every market participant wants to pour gas in storage now,” Kemper said.
- Germany, which has Europe’s biggest gas-storage capacities, ended this winter with inventories more than 60% full — far above historic norms.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok