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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
Combined natural gas consumption from the Baltic States and Finland rose by 1% year on year in July, the first increase since the start of the war in Ukraine, but Lithuania’s gas demand continues to lag levels seen in the past years amid lower demand from the ammonia industry according to Argusmedia.
- Overall consumption in the region rose to 2.1TWh, up from 2.07TWh in July 2022.
- Finnish consumption increased for a fourth consecutive month by 22% year on year to 900GWh in July, more than offsetting another steep drop in Lithuania.
- Finland’s gas output declined on the year but rose for a fourth consecutive month, indicating a recovery in the country’s gas use.
- Lithuania’s aggregate gas consumption continued to lag last year’s levels as the country’s largest industrial user – ammonia producer Achema – has been running its plants below capacity. Eurochem last month said it could close its ammonia plant at Lifosa from October.
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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