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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
EU gas storage sites are rapidly filling up, currently standing at 72% of capacity and 18 bcm above their 5y average according to the IEA.
- Storage injections since April were about 20% below their average levels, but the high inventory levels inherited from the previous heating season ensure us that the EU will comfortably meet its 90% fill target.
- If similar rates continue, storage sites could be 90% full by early August and close to 100% by mid-September.
- Even if Russian piped gas supplies are fully cut, the EU would be still able to fill-up its storage sites to over 90% by the start of the 2023/24 winter.
- Demand still needs to be kept in check with the possibility of a much colder winter or tighter LNG availability.
source: IEA
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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