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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
Total natural gas import supply into Europe has declined in the last couple of weeks from a peak in week 2 of 2024 with warmer weather in Europe limiting demand after the colder weather in early Jan.
- Supplies fell in week 4 (week to Jan 28) to 5,786mcm compared to a high of 6,282mcm on the second week of the year.
- The decline has been driven by a drop in LNG imports to offset an increase in Norwegian supplies. Flows from Algeria and UK dipped on the week while Azerbaijan supply rose, and Russian supply was largely unchanged.
- LNG imports fell below levels seen in 2022 and 2023 of around 2,600mcm to 2,287mcm but remain well above the above the 2015-2021 average.
- LNG utilisation has dipped but was above the 2019-2021 average in all countries except Poland and Portugal. Utilisation was 33% in Spain, 58% in Germany, 24% in Belgium, 56% in France, and 65% in the Netherlands.
Source: Bruegel
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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