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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
European storage inventories at the end of winter are likely to be significantly lower than last year but the region should have ample gas with a normal winter according to Timera Energy.
- European gas markets are expected to remain in a tight regime into 2024-25 with end of winter storage forecast 12bcm lower that last winter at 44bcm.
- The rise in European gas prices last week was driven by structural issues as well as supply side headlines and ‘the gas crisis is not over.’ European gas & LNG markets are balancing on demand with Russian supply losses exceeding LNG supply growth.
- Timera see asymmetric upside risks to prices from a cold winter in Europe or North East Asia or from any material supply disruptions despite current record storage inventories and demand 15-20% below pre-crisis levels.
- The demand impact from general economic weakness is unclear but demand is assumed to be 25bcm higher this winter compared to last winter mainly led by power demand.
Source: Timera Energy
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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