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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
German gas consumption declined by 21.1% week on week in the last week of December because of milder weather and holidays, according to German energy regulator Bnetza.
- Gas consumption during calendar week 52 – 25 Dec-1 Jan – stood 30% below the four-year average.
- Temperature adjusted demand during calendar weeks 51 and 5 was 21.2% below the four-year average, exceeding the country’s gas consumption reduction targets.
- Temperatures well above the seasonal norm and the holiday period have weighed on gas consumption for households and industry.
- The country’s security of gas supply has improved compared with the beginning of winter and a gas shortage is becoming increasingly unlikely for this winter period, Bnetza said.
- German gas storage levels were at 90.72% of capacity as of 3 Jan, the highest level since 13 Dec, Agsi data show.
- TTF FEB 23 up 4.5% at 67.93€/MWh
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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