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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
German total natural gas consumption stood at an average of 1.62TWh/d in May, compared with the 2018-21 average of 2.02TWh/d and down by 36.6% from a month earlier, Bnetza data showed.
- Natural gas consumption from households and businesses saw the largest month on month decline and stood at 458GWh/d in May, down from 1.03TWh/d in April but demand remained above last year’s levels.
- Demand from industry declined by 18% on the month to 1.08TWh/d in May.
- Industrial demand remained below pre-pandemic levels in Germany, with little signs of rebounding industrial consumption of gas, underscored by weaker-than-expected German output data released on Wednesday.
- German industrial production rose by 0.3% month on month in April, less than economists expected at 0.6%, according to the German Economy Ministry. Industrial production rose by 1.6% year on year but remained below pre-Covid levels.
- German gas storage reserves stood at 76.15% of capacity on 7 June, up from 74.96% a week earlier, AGSI data showed.
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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