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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.
ENERGY SECURITY
Wires and social media carrying comments from German Vice Chancellor and Economy Minister Robert Habeck asserting that Germany can 'manage this winter if Nord Stream I is stopped'.
- Comes in the wake of Russian Deputy PM Alexander Novak's threat that Russia could cut off gas supplies to Europe over the war in Ukraine, stating that, “We have every right to take a matching decision and impose an embargo on gas pumping through the Nord Stream 1 gas pipeline.”
- The German gov't has already signalled that the yet-to-be-certified Nord Stream II pipeline - running parallel to NS 1 - will not be coming online as a result of the Russian invasion of Ukraine.
- Yesterday, Chancellor Olaf Scholz stated that for Germany the prospect of sanctioning Russian energy exports was not feasible due to the German economy's reliance on Russian gas.
Map 1. Nord Stream I and Nord Stream II Pipelines
Source: FT, Petroleum Economist
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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