MNI China Daily Summary: Friday, January 10

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

CANADA LIBERAL LEADERHIP VOTE TO REPLACE TRUDEAU SET FOR MAR 9

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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 Rises as Ukraine Gas Transit End Looms

NATGAS
Energy BulletsBulletPower BulletsCommodities

European gas is flat on Monday after facing strong support last week with Ukraine gas transit looking set to end shortly, while cool weather outlooks and draws from storage have added support. 

  • TTF JAN 25 up 0.5% at 44.34€/MWh
  • In a Facebook post, Slovakia’s Fico said Putin confirmed that Russia was ready to continue delivering gas to the West via Ukraine, but this would be “practically impossible” after Jan. 1 given Kyiv’s stance.
  • Last week, Fico held talks with Zelenskiy about the possibilities of gas transit and said he was surprised by the Ukrainian leader’s resistant stance. Hungary’s Orban said Saturday that his country is still seeking a solution that would allow flows to Europe via Ukraine to continue.
  • European gas storage was 76% full on Dec. 21 vs the 5-yr seasonal norm of 79% for this time of year according to GIE.
  • Norwegian nominated flows to the UK and Northwest Europe terminals at 336.60 mcm/d vs 5-day moving avg 334.46 mcm/d according to Gassco.
  • US LNG exports are currently more profitable to Asia in February 2025, March 2025 and April 2025 BNEF reports.
  • A $4.24 billion direct grant by the German government for four FSRUs received state aid rules clearance from the European Commission on Friday.
201 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 is flat on Monday after facing strong support last week with Ukraine gas transit looking set to end shortly, while cool weather outlooks and draws from storage have added support. 

  • TTF JAN 25 up 0.5% at 44.34€/MWh
  • In a Facebook post, Slovakia’s Fico said Putin confirmed that Russia was ready to continue delivering gas to the West via Ukraine, but this would be “practically impossible” after Jan. 1 given Kyiv’s stance.
  • Last week, Fico held talks with Zelenskiy about the possibilities of gas transit and said he was surprised by the Ukrainian leader’s resistant stance. Hungary’s Orban said Saturday that his country is still seeking a solution that would allow flows to Europe via Ukraine to continue.
  • European gas storage was 76% full on Dec. 21 vs the 5-yr seasonal norm of 79% for this time of year according to GIE.
  • Norwegian nominated flows to the UK and Northwest Europe terminals at 336.60 mcm/d vs 5-day moving avg 334.46 mcm/d according to Gassco.
  • US LNG exports are currently more profitable to Asia in February 2025, March 2025 and April 2025 BNEF reports.
  • A $4.24 billion direct grant by the German government for four FSRUs received state aid rules clearance from the European Commission on Friday.