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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.
NATGAS
European gas demand has been limited this winter with the assistance of strong renewables growth according to IEA analyst Greg Molnar. Muted demand has helped to ease gas market fundamentals, limit price volatility and allow for a stronger gas demand recovery in industry.
- Wind increased by over 20% (or 60TWh) compared to the previous heating season while hydro availability improved by almost 70TWh after two dry years.
- Nuclear power generation rose by over 15TWh yoy led by a recovery in the French nuclear fleet.
- Thermal generation dropped by 20% (or over 100TWh) compared to the 2022/23 winter season with gas burn falling by an estimated 14bcm.
- The share of renewables in the European power mix in the 2023/24 winter rose from 36% to nearly 45%, while fossil fuels dropped from 36% to below 30%.
- The role of gas-fired power plants as a back-up role however continues to increase, such as during January 2024 due to high heating demand and a period of low wind power output.
Source: IEA
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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