Free Trial
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
European gas storage injections are still lagging below normal levels in April amid Norway maintenance but remain well above normal. European gas in storage is up to 57.60% according to GIE data from 22 Apr compared to the five year average of 37.6%.
- European gas injections only have to be at roughly 70% of the normal rate to fill by 1 Nov according to Ira Joseph from Columbia University’s Center on Global Energy Policy. If gas is injected into storage at rates similar to last year, inventories would be full by the first week of August.
- Stockpiles could be 100% full by late August if demand remains weak and LNG continues to flood Europe according to Morgan Stanley earlier this month.
- Net European storage injections were up at 3,553GWh/d on 22 Apr compared to the five year average of 3,850GWh/d but injections have averaged about 960GWh/d so far this month compared to the five year average of nearly 1,700GWh/d.
- Storage in Germany is at 162.8Wh (65.05% full), Italy is at 121.5TWh (62.8%), Netherlands at 85.5TWh (64.5%), Austria at 65.2TWh (67.2%) and France at 43.2TWh (32.3%).
- TTF MAY 23 down -0.9% at 39.8€/MWh
- TTF WIN 23 down -1.3% at 54.28€/MWh
- TTF SUM 24 down -1.2% at 51.9€/MWh
Source: GIE / 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok