MNI China Daily Summary: Friday, January 10

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

CANADA LIBERAL LEADERHIP VOTE TO REPLACE TRUDEAU SET FOR MAR 9

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NATGAS: Gas Summary at European Close: TTF Climbs

NATGAS
Energy BulletsBulletPower BulletsCommodities

TTF has extended gains today, supported by the expected end of Ukraine’s gas transit, cooler weather forecasts, and continued storage withdrawals. European gas demand is set to align with seasonal norms for the end of December, with no major disruptions expected to the winter supply-demand balance.

  • TTF JAN 25 up 3.1% at 45.49€/MWh
  • TTF Q1 25 up 3.3% at 45.72€/MWh
  • In a Facebook post, Slovakia’s Fico said Putin confirmed that Russia was ready to continue delivering gas to the West via Ukraine, but this would be “practically impossible” after Jan. 1 given Kyiv’s stance.
  • Hungary is seeking a solution that would allow gas flows to Europe via Ukraine to continue once the current transit contract between Moscow and Kyiv expires, Prime Minister Viktor Orban said on Saturday.
  • European gas storage was 76% full on Dec. 21 vs the 5-yr seasonal norm of 79% for this time of year according to GIE.
  • European gas demand looks set to be in line with normal for the end of December with no significant impact to the expected supply-demand balance for the rest of winter according to GFB Insight research.
  • Norwegian nominated flows to the UK and Northwest Europe terminals at 336.60 mcm/d vs 5-day moving avg 334.46 mcm/d according to Gassco.
  • The Ukraine gas transit situation is “very complicated and requires increased attention” the Kremlin said on Monday.
  • JKM is expected to be rangebound in the week to Dec. 27, as market participants continue to closely monitor supply availability in Europe as well as cold weather conditions globally, Platts said.
248 words

To read the full story

Close

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.

TTF has extended gains today, supported by the expected end of Ukraine’s gas transit, cooler weather forecasts, and continued storage withdrawals. European gas demand is set to align with seasonal norms for the end of December, with no major disruptions expected to the winter supply-demand balance.

  • TTF JAN 25 up 3.1% at 45.49€/MWh
  • TTF Q1 25 up 3.3% at 45.72€/MWh
  • In a Facebook post, Slovakia’s Fico said Putin confirmed that Russia was ready to continue delivering gas to the West via Ukraine, but this would be “practically impossible” after Jan. 1 given Kyiv’s stance.
  • Hungary is seeking a solution that would allow gas flows to Europe via Ukraine to continue once the current transit contract between Moscow and Kyiv expires, Prime Minister Viktor Orban said on Saturday.
  • European gas storage was 76% full on Dec. 21 vs the 5-yr seasonal norm of 79% for this time of year according to GIE.
  • European gas demand looks set to be in line with normal for the end of December with no significant impact to the expected supply-demand balance for the rest of winter according to GFB Insight research.
  • Norwegian nominated flows to the UK and Northwest Europe terminals at 336.60 mcm/d vs 5-day moving avg 334.46 mcm/d according to Gassco.
  • The Ukraine gas transit situation is “very complicated and requires increased attention” the Kremlin said on Monday.
  • JKM is expected to be rangebound in the week to Dec. 27, as market participants continue to closely monitor supply availability in Europe as well as cold weather conditions globally, Platts said.