MNI BRIEF: BOJ Sees All Regions Recovering, Picking Up

MNI: PBOC Net Drains CNY20.7 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1886 Thurs; -2.34% Y/Y

MNI BOJ: 2 OUT OF 9 JAPAN REGIONS UP ECON VIEW FROM OCT

MNI BRIEF: PBOC To Issue Record Volume of CNH Bills Next Week

CHINA DEC CPI +0.1% Y/Y VS MEDIAN +0.1%; NOV +0.2%: NBS

MNI:AUSTRALIA NOV TRADE BALANCE A$+7079

MNI: AUSTRALIA NOV RETAIL SALES +0.8% M/M

MNI: UK DEC BRC SHOP PRICES +0% M/M, -1% Y/Y

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NATGAS: European Gas Gains Following Putin Comments

NATGAS
Energy BulletsBulletPower BulletsCommodities

European gas gained momentum on Friday as the Ukraine gas transit looks set to end, given further support by Putin comments. 

  • TTF JAN 25 up 4% at 47.55€/MWh
  • Putin said Thursday it would be impossible to arrange a new transit contract before year’s end, when the current agreement expires.
  • As things stand, there will be no transit of Russian gas from Jan. 1, Heorhii Tykhyi, spokesperson for Ukraine’s Ministry of Foreign Affairs, said on Friday.
  • Even with the loss of supplies via Ukraine, Russia can still deliver gas to Europe via Turkey, though capacity on that route can’t fully compensate for the likely shortfall next year.
  • European gas has also been supported by bigger than anticipated stock draws for this point in the year. The strong draws are supporting summer 2025 prices because of the need to refill.
  • Europe will increasingly have to compete with Asia for LNG cargoes from global producers.
  • No capacity on the Slovakia-Austria border point was booked for January at auctions on Friday.
  • European gas storage was 75% full on Dec. 25 vs the 5-yr seasonal norm of 78% for this time of year according to GIE.
186 words

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.

European gas gained momentum on Friday as the Ukraine gas transit looks set to end, given further support by Putin comments. 

  • TTF JAN 25 up 4% at 47.55€/MWh
  • Putin said Thursday it would be impossible to arrange a new transit contract before year’s end, when the current agreement expires.
  • As things stand, there will be no transit of Russian gas from Jan. 1, Heorhii Tykhyi, spokesperson for Ukraine’s Ministry of Foreign Affairs, said on Friday.
  • Even with the loss of supplies via Ukraine, Russia can still deliver gas to Europe via Turkey, though capacity on that route can’t fully compensate for the likely shortfall next year.
  • European gas has also been supported by bigger than anticipated stock draws for this point in the year. The strong draws are supporting summer 2025 prices because of the need to refill.
  • Europe will increasingly have to compete with Asia for LNG cargoes from global producers.
  • No capacity on the Slovakia-Austria border point was booked for January at auctions on Friday.
  • European gas storage was 75% full on Dec. 25 vs the 5-yr seasonal norm of 78% for this time of year according to GIE.