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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
The fundamental gas balance is consistent with TTF & JKM prices around 20% higher than current levels at around 12$/mmbtu and with more volatility ahead according to Timera Energy global gas modelling.
- A mild European winter has left a large storage inventory overhang pushing 2024 forward prices below 2025 levels.
- The global balance has shifted since October due to a further decline in European power sector and residential & commercial demand expectations and declining coal & carbon price levels pulling down coal for gas switching levels.
- There are some small reductions in LNG supply expectations in 2024 from NW Africa and the US while the US cargo cancellation response has fallen with Henry Hub prices.
Source: Timera Energy
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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