Free Trial

EU Gas Storage at 54% End March: European Union

NATURAL GAS

The European Union expects EU gas inventories at 54% full at the end of March, under the conditions that member states reduce natural gas demand by 15% according to a presentation seen by Bloomberg.

  • The bloc warned in the presentation that the region cannot afford to return to normal demand in the medium term.
  • EU natural gas storage must be at least 45% full on 1 February but preferably 55% according to the official storage targets.
  • European natural gas storage was down to 79.14% full on Jan 14 according to GIE data compared to the seasonal five year average of 67.8%.

To read the full story

Close

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.