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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 latest weekly data shows overall German gas consumption was down 37.4% in week 51 (Dec 19-25) from the previous week and 23.8% below the 2018 to 2021 average according to THE data via Bundesnetzagentur.
- German industrial gas consumption was 31.1% below the 2018-2021 normal and household and businesses 16.6% below normal. The gas consumption for power generation is included in the industrial demand data.
- The decline was driven by rising temperatures with an average of 2.3 degrees Celsius warmer than in previous years in Week 51.
- Adjusted for temperature, consumption in weeks 50 and 51 was only 12.4% below the average and was therefore in the "critical" range according to the regulator. They are aiming for a 20% reduction in German gas consumption this winter.
- German gas storage has increased from 87.2% full last week to 219.22TWh and 89.07% full on 28 Dec according to GIE data.
Source: Bundesnetzagentur / THE
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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