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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
Overall German gas consumption in December was just 9.8% below the 2018 - 2021 average compared to 27.2% below in November according to the Bundesnetzagentur.
- The German network regulator yesterday said a gas shortage is becoming increasingly unlikely in the present winter season, but savings efforts remain the key. The regulator is targeting a 20% demand reduction over the winter period.
- Household and business consumption was just 4.4% below normal in December and Industry was 15.4% below.
- Cold weather in the middle of the December sent consumption back above normal after low demand due to a warm start to the winter in November. Week 50 saw gas demand 12% above normal but the warm end to December saw week 51 and 52 demand 26.7% below normal.
- Consumption in January is currently expected to fall back well below normal as the warm weather in Europe is forecast to last at least until the middle of the month.
Source: MNI / Trading Hub Europe (THE) / Bundesnetzagentur
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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