MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

MNI BRIEF: PBOC To Watch CNY Moves Closely - Vice Governor Zhu

MNI BRIEF: China Aims To Digitalise 70% Of Firms By 2025

MNI BRIEF: Q1 Cross Border Activity Up 117.8% - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: EUROZONE FEB CONSTRUCTION OUTPUT +1.8% M/M, -0.4% Y/Y

Q1 Industry Survey Suggests H1 Growth Tailwind

Indonesian Sov Curve Flattens, Barclays See BI Cutting Next Week

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Europe’s Gas Market Faces Risks From Price Cap: Equinor

NATURAL GAS

The European Commission’s plan to introduce a price cap risks reducing liquidity in the European gas market, posing a threat to how it functions, Equinor said to Reuters.

  • The biggest concern is what happens to the liquidity in the gas market, Helge Haugane, Equinor's head of gas and power trading, said.
  • Haugane has previously raised the alarm on market liquidity. In September, he warned that some €1.5trn tied up in the margin calls that traders pay to protect against defaults could squeeze gas and power market liquidity and see smaller market participants struggling.
  • But he said this was no longer a "big issue", with margin calls now only "a fraction" of what they were at the end of August.
  • "From the Equinor perspective, we should still be able to get our gas to the markets and we should get the gas to the markets where it's needed the most”, he said.
  • Equinor has become Europe's largest supplier of natural gas after a sharp drop in pipeline volumes from Gazprom.
Energy BulletsCommodities
Energy BulletsCommodities

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