MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EU To Consider Lower Gas Price Cap For More TTF Contracts

NATURAL GAS

The Council of the European Union is considering lowering the proposed natural gas price cap and applying the limit to more contracts, according to documents seen by Argus.

  • The council proposed that its "dynamic safety ceiling" would be activated when TTF contracts for delivery 1-3 months ahead trade above €220/MWh for five days and the EEX's TTF European Gas Spot Index exceeds a daily LNG reference price by at least €35/MWh.
  • EU energy regulators agency Acer would calculate a daily reference price by averaging Platts' assessments for LNG delivered to the Mediterranean, northwest Europe and northeast Asia.
  • Once activated, exchanges would stop accepting TTF front-month orders exceeding €220/MWh or €35/MWh above Acer's LNG reference price on the previous day. The cap would deactivate after one month if bidding returned to €220/MWh or lower “or a certain period”.
  • The Netherlands suggested a separate idea to put a cap for gas used for mandatory storage injections.
  • EU Energy ministers are seeking to reach a deal on the natural gas price cap on 13 Dec.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.