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
Natural gas withdrawals from Ukraine storage by European companies has accelerated since November amid an increase in heating demand according to FT and Argus. European entities had stored about 2.5bcm of natural gas in Ukraine ahead of the winter, according to Naftogaz.
- Net withdrawals began in early November to average around 10.7mcm/d before rising to an average of 26mcm/d until mid-December, according to Argus.
- More than half the gas from Ukrainian storage flowed to Poland with the remainder to Moldova, Slovakia and Hungary.
- “Ukraine is playing a key role for central and eastern Europe’s security of gas supply this winter,” said Natasha Fielding at Argus.
- Withdrawals from gas storage in Ukraine “helps Europe to keep its domestic stockpiles high, reducing the risk of sites nearly emptying over any sustained cold in late winter”, she said.
Source: FT / Argus
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