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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
TTF extends the rally from last week with below normal temperatures expected across Europe this week and a potential return to near normal in NW Europe at the weekend.
- The cold start to April is supporting prices despite the high storage levels at the start of the injection season. European storage finished the withdrawal season above the previous five year range at the end of March at 55.65% with below normal demand enabling some injections in the second half of March. German gas consumption was 33.5% below the five year average in week 12.
- Net European storage injections were up at 1,521GWh/d on 1 Apr compared to the five year average of 464GWh/d.
- Storage in Germany is at 160.69TWh (64.3% full), Italy is at 112.83TWh (58.32%), Netherlands at 82.12TWh (58.07%), Austria at 64.87TWh (66.81%) and France at 37.3TWh (27.92%) according to GIE data for 1 Apr.
- TTF MAY 23 up 4.3% at 49.9€/MWh
- TTF WIN 23 up 5.1% at 61.38€/MWh
- TTF SUM 24 up 5.5% at 58.28€/MWh
Source: GIE / Bloomberg
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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