Free Trial
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
Higher than normal European gas storage withdrawal rates have added to the TTF price support late this week. Withdrawal rates have been rising faster than the seasonal normal this week up to 6,597GWh/d and greater than the previous five year range on Nov 29.
- Net withdrawals in the week to Nov 29 averaged 4,003GWh/d compared to the 2018-2022 average for the period of 3,490GWh/d.
- European natural gas storage is down to 95.93% full on Nov 29 according to GIE data but remains well above the seasonal five year average of 85.2%.
- Storage in Germany is at 247.85TWh (97.2% full), Italy is at 186.2TWh (94.5%), Netherlands at 135.4TWh (95.0%), France at 129.9Wh (96.7%) and Austria at 95.0Wh (97.3%).
- TTF JAN 24 up 0.7% at 42.38€/MWh
- TTF Q1 24 up 0.6% at 42.6€/MWh
- TTF SUM 24 up 0.6% at 41.7€/MWh
- TTF WIN 24 up 0.4% at 45.67€/MWh
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok