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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 import supplies to Europe have continued to recover this month according to Bruegel data release earlier this week as the prolonged seasonal maintenance in Norway gradually comes towards an end and LNG supply rises.
- Norwegian supplies in week 41 (9-15 Oct) returned almost back to near pre maintenance levels while LNG imports also increased and supply from Azerbaijan continued the recent trend higher. Supply from Algeria recovered slightly after a big drop the previous week while Russian and UK supplies remained stable.
- Total imports increased to 5,758mcm in week 41 compared to 5,218 the previous week although remains below the 2015-2022 minimum at this time of year of 6,303mcm.
- The US share on European LNG imports fell from 52.1% in August to 50.1% in September, while volumes originated from Africa increased to 23.6%, Russian supply increase to 12.5% and 10.1% from the Middle East.
- Reverse EU gas flows into Ukraine have fallen back from a peak of 264mcm in mid August to levels only just above last year around 77mcm. EU flows to Ukraine surged over the late summer with increased use of Ukraine storage amid healthy EU levels.
Source: Bruegel
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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