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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
Withdrawals rates have been holding above normal since Nov 26 to bring total European storage back down within the previous five year range.
- Net withdrawals in the week to Dec 6 were 36% above normal with an average draw of 6,168GWh/d compared to the 2018-2022 average for the period of 4,647GWh/d.
- The return of a short period of above normal temperatures over this coming weekend may however help to ease demand and the rate of withdrawals.
- European natural gas storage is back within the previous five year range at 92.15% full on Dec 6 according to GIE compared to the seasonal five year average of 82.25%.
- Storage in Germany is at 236.2TWh (92.7% full), Italy is at 179.8TWh (91.3%), Netherlands at 128.6TWh (90.25%), France at 123.4Wh (91.85%) and Austria at 92.1Wh (94.3%).
Source: 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.
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