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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.
NATGAS
Global industrial gas demand shows signs of recovery with preliminary data suggesting an increase of more than 7% (or over 20 bcm) yoy through the 2023/24 heating season in China, India, Europe and the US according to IEA analyst Greg Molnar.
- Demand growth across industrial sectors has been supported by improving supply availability and a lower price environment.
- The recovery is however fragile and largely dependent on the gas prices in the coming months.
- Industrial gas demand in China returned to growth in winter 2022/23 supported by easing lockdowns and with the benefit from long-term gas contracts.
- Data suggests India's industrial gas demand grew by 20% yoy, primarily supported by refinery, petchem and the fertilisers sectors.
- US demand in gas and energy intensive industries, including fertilisers is supported by decade low Henry Hub prices.
- Industrial gas demand in Europe increase by 15% yoy during the 2023/24 winter, although remains about 10% below its pre-crisis levels.
Source: IEA
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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