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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 in the last week to help cover the higher heating demand but remains just below the five year average rate.
- The average withdrawal rate late last week was around 6.7TWh/d (0.58% per day) compared to the average of about 7.5TWh/d (0.65% per day) at this time of year.
- Total European storage levels were above the five year range at 78.35% on 21 Jan according to GIE AGSI data and compared to the five year average of 77.69%.
- The countries with the largest gas storage volumes are Germany at 213.33TWh (86.52% full), Italy at 147.80Wh (76.41%), France at 98.37TWh (73.63) and Netherlands at 101.24Wh (72.87%).
- TTF FEB 23 down -4% at 64.25€/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.
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