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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
European natural gas storage injections have continued about 17% below normal over the last week with total gas in store up to 73.98% full on 17 June according to GIE data compared to the five year average of 57.3%.
- Net injections have been about 80% of the five year average rate this season since 1 April but are still on track to comfortably reach the 90% full target before winter. An injection rate holding at 80% of the previous ten year average over the summer would bring storage up to the target by mid August.
- Net European storage injections have averaged about 3,250GWh/d so far in June compared to the five year average for the period of nearly 4,090GWh/d.
- Storage in Germany is at 193.7Wh (78.4% full), Italy is at 153.7TWh (78.8%), Netherlands at 105.8TWh (74.3%), Austria at 77.3TWh (79.7%) and France at 77.3TWh (58.6%).
Source: GIE / Bloomberg
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.
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