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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
European industrial gas demand has started to show the first signs of a recovery in August23 according to IEA.
- Preliminary data suggests that industrial gas demand was up by 13% in Belgium, over 20% in Spain and over 15% in Germany compared to August last year.
- Industrial gas demand dropped by around 20% (or 30 bcm) in 2022, with over half of it due to production curtailments from the most energy-intensive industries, such as fertilisers and petrochemicals.
- The downward trend continued through the first half of 2023, when industrial demand dropped by close to 10% yoy across the key European economies.
- The recovery remains fragile with current prices still twice the levels between 2016-20 despite the fall last year. A cold heating season could rapidly correct upwards price dynamics.
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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