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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
The gas withdrawal rate from European storage has increased to just above normal during the recent cooler weather in NW Europe.
- EU natural gas storage withdrawals reached 8.24GWh/d on 23 Jan compared to an average of just 2.2GWh/d in the first half of January. The withdrawal rate increased to near normal levels due to the higher European gas demand. The five year average withdrawal rate for this time of year is approximately 7.5GWh/d.
- Total European storage levels were above the five year range at 74.81% on 25 Jan according to GIE AGSI data compared to the average of 55.7%.
- The countries with the largest gas storage volumes are Germany at 200.74TWh (82.91% full), Italy at 143.63Wh (74.25%), France at 93.18TWh (69.74%) and Netherlands at 98.55Wh (70.93%).
- TTF FEB 23 down -2.5% at 53.43€/MWh
- TTF SUM 23 down -3.4% at 55€/MWh
- TTF WIN 23 down -2.2% at 64€/MWh
Source: MNI / GIE AGSI
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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