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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 gas storage levels have edged very slightly lower over last week to 83.05% compared to a five year average of 66.6% according to the latest GIE data for 8 Jan.
- Germany has however continued to slowly increase with above normal temperatures keeping heating demand well below normal. German gas in store has increased from 214.88TWh on 19 Dec up to 224.37TWh on 8 Jan.
- European gas stores would normally be expected to decline at this time of year with the five year average withdrawal rate of approximately 6.6TWh or a 0.6% decline per day.
- The countries with the largest gas in store volumes are Germany at 224.37TWh (91.2% full), Italy at 157.63Wh (81.48%), France at 110.08TWh (82.4%) and Netherlands at 106.55Wh (76.69%).
Source: 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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