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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
European natural gas storage levels are gaining back towards the five year range highs up to 96.87% full on 7 Oct according to GIE data compared to the five year average of 88.5%.
- Net injections have increased slightly in the last week and in line with average rates from the previous five years. Net injections averaged about 1,799GWh/d in the week to 7 Oct compared to the five year average for the period of just under 1,820GWh/d.
- Injections have averaged 78% of the five year normal this summer and a continuation at that rate would bring stocks up to nearly 99% full by the end of the month. The highest end of summer storage level in recent years was 97.8% full in Oct 2019.
- Ukraine storage is up to 38.17% full with foreign companies storing natural gas in the country this summer as EU stores near capacity.
- All 18 EU AGSI reporting countries now have over 94% full gas storage. Storage in Germany is at 246.8Wh (97.1% full), Italy is at 190TWh (97.1%), Netherlands at 137.5TWh (96.6%), France at 128.4Wh (95.6%) and Austria at 93.7TWh (95.9%).
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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