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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
European natural gas storage is showing small net withdrawals after the net injections seen over last weekend according to GIE data. Warm weather in Europe this week allowed withdrawals to remain below normal but supplies could be pressured next week with the forecast of below normal temperatures in the last week of March.
- European gas in storage is at 55.60% according to GIE data from 21 Mar compared to the five year average of 34.5%.
- Net withdrawals were 492.5GWh/d on 21 March compared to the five year average net withdrawal rate for this time of year of approximately 1,750GWh/d.
- The countries with the largest gas in store volumes are Germany at 159.60TWh (63.89% full), Italy at 110.01TWh (56.87%), Netherlands at 81.42TWh (58.6%), Austria at 63.72TWh (65.86%) and France at 38.01TWh (28.45%).
- TTF APR 23 up 5.4% at 42.15€/MWh
- TTF SUM 23 up 4.9% at 43.15€/MWh
- TTF WIN 23 up 3.8% at 51€/MWh
Source: MNI / AGSI GIE
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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