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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
European natural gas storage injections have been nearly 23% below the five year average rate over the last week with relative levels in line with June. Gas in store was up to 78.88% full on 4 July according to GIE data compared to the five year average of 63.0% despite the low injection rates.
- Net European storage injections have averaged about 2,960GWh/d in the week to 4 July compared to the five year average for the period of 3,835GWh/d.
- Despite the below normal injection rates storage is still on track to comfortably reach the EU 90% full target before winter. An injection rate holding at 80% of the previous ten year average over the remaining summer months would bring storage up to the target by mid to late August.
- Storage levels in some of the main countries including Germany, Italy and the Netherlands are already over 80% full. Storage in Germany is at 203.8Wh (81.2% full), Italy is at 161.5TWh (82.7%), Netherlands at 114.0TWh (80.0%), Austria at 80.4TWh (82.9%) and France at 83.8TWh (62.57%).
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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