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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 injection rates have averaged above normal over the last week after seeing mostly below normal since April. Total European gas in store was up to 83.36% full on 22 July according to GIE data and near the top of the previous five year range. The five year average for this time of year is 68.24%.
- Net European storage injections have averaged about 3,094GWh/d in the week to 22 Jul compared to the five year average for the period of 2,823GWh/d.
- Injections have average just 81.8% of the five year average since the start of April but even at this rate, storage is on track to reach the pre winter EU target level of 90% by mid to late August.
- Storage in Germany is at 203.8Wh (85.4% full), Italy is at 161.5TWh (85.8%), Netherlands at 114.0TWh (85.95%), Austria at 80.4TWh (86.3%) and France at 83.8TWh (71.6%).
- TTF AUG 23 up 8.9% at 30.68€/MWh
- TTF WIN 23 up 2.9% at 49.84€/MWh
Source: Bloomberg / GIE
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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