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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 natural gas consumption in September stood at 1.296TWh/d, down by 11.5% year on year and 26.6% below the 2018-2021 average, largely driven by lower consumption from small business and households, Bnetza data showed.
- Gas consumption from households and small businesses stood at 239GWh/d in September, down by 41% year on year and around 42% below the 2018-2021 average. This is partly due to temperatures well above the 2018-2021 average throughout the month.
- Industrial gas use in September was broadly in line with last year’s levels at 1.057TWh/d but demand continued to lag the 2018-2021 average levels by 16.8%.
- German gas output for electricity generation stood at 7.26TWh in September, or a share of 19.6% of total power generation. This is up from 3.92TWh, or a share of 9.44% of the total power generation in September last year, data from Fraunhofer ISE showed. This year-on-year increase is partly due to Germany’s halt to nuclear generation, despite higher renewables output year on year.
- Natural gas consumption last week stood 30.8% below the 2018-2021 average.
- German natural gas storages stood at 96.55% of capacity as of 3 October, up from 95.17% a week earlier.
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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