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Free AccessEurope Likely to Move to Net Injections in March: ICIS
Net injections into European gas storage could begin as early as March, according to ICIS.
- “Injections in March likely at this moment indeed… around the 20th with current forecasts,” a trader told ICIS. “It’s amazing how much warmer the forecasts get each time.”
- From Jan. 18, the ICIS TTF March/April spread moved to consistent contango, making it a likely choice for first injections into storage year 2024.
- It is no longer a given that March TTF will trade to a premium to summer, as injection demand has become an equal contender to heating demand for determining gas prices, according to ICIS.
Source: ICIS
To read the full story
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Please enter your details below.
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.