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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.
NATGAS
EU natural gas consumption in February stood 10.6% below 2023 levels, according to Eurostat data, after temperatures reached highest on record according to Argus.
- Consumption was down in all five of the largest consumers — Germany, the Netherlands, Spain, Italy and France — most significantly in Spain, by more than 16% on the year.
- Industrial gas demand averaged 2.77TWh/d across Germany, France, Belgium, the Netherlands, Spain and Italy, Argus estimates showed. This is down from 2.86TWh in 2023 and down from 3.59TWh in February 2021.
- Average European temperatures in February were the highest on record at 3.3°C above the 1991-2020 average, according to EU earth-monitoring programme Copernicus.
- Total European natgas demand in January-February stood only 0.15% below last year’s levels after January gas demand surged to a two-year high.
- EU demand was 17.4% below the 2017-22 average during April 2023 and February 2024, surpassing the EU’s voluntary reduction target of 15%.
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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