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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.
NATGAS
Total European gas storage was 65.80% full on May 14 according to GIE compared to the five year seasonal average of 51.5% with net injection rates rising just above normal in recent days after seeing below normal rates from April 15 until May 11.
- Net injections were 15.6% below the previous five year average levels in the week to May 14 but have risen just above normal in recent days. TTF prices are holding within a $1.5/MWh range with stable supplies and muted demand from mild temperatures but with support from ongoing concern for supply via Ukraine.
- Net injections in the week to May 14 were just under 3,200GWh/d compared to the five year average showing net injections for the period of almost 3,790GWh/d.
- Storage in Germany is at 172.5TWh (69.7% full), Italy at 139.1TWh (69.5%), Netherlands at 85.2TWh (59.2%), Austria at 75.6TWh (76.4%) and France at 69.9TWh (54.3%).
- TTF JUN 24 up 1.8% at 30.27€/MWh
Source: Bloomberg / GIE
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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