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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
Storage injections have been about 17% below average since April but the EU should still comfortably reach the 90% target by November due to the high inventories at the end last winter.
- European natural gas storage is now up to 72.56% full on 12 June according to GIE data and just over 200TWh above the five year average.
- Storage could be 90% full by early August and close to 100% by mid-September if injections continue at the average rate observed since mid-April according to IEA.
- If Russian pipeline gas supplies are fully cut, the EU could still fill to over 90% by the start of the 2023/24 winter.
- Full storage gives no guarantee against winter volatility and supply risks from a cold winter, lower Russian piped gas and/or a tighter availability of LNG.
- TTF JUL 23 down -4.1% at 34.59€/MWh
- TTF WIN 23 down -1% at 49.77€/MWh
- TTF SUM 24 down -0.4% at 48.5€/MWh
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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