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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
According to ICIS modelling, if European gas demand is not forced lower – either by market forces or by policy interventions – European storage will totally deplete by the end of March, even if Russian pipe flows remained, albeit at a low level.
- While stocks will have been able to climb to 80% capacity by 1 November, an aggressive draw-down through the first quarter of 2023 would have knock-on effects for spring and the rest of 2023.
- Although demand at the start of August was already seen to be falling away in response to rocketing prices – with the benchmark ICIS TTF at €222/MWh at the time of writing – falls in consumption so far suggest that additional non-market drivers would be needed to achieve 15% cuts.
Source: ICIS
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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