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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
The share of LNG in Europe’s total gas supply is forecast to average more than a third to 2026 according to Montel citing IEA.
- LNG is expected to average 36% of European supply in four-year period from 2022 as the “new baseload supply for Europe.”
- Pipeline gas supply from Norway would average 25% with domestic production at 16%. Russian pipeline gas would fall to only 10% of European supply over the period.
- Global LNG output is set to increase by a quarter.
- LNG deliveries to Europe and Turkey increased 3% on the week to the highest in six months of nearly 3.8bcm according to Kpler data. Supply in November so far has increased 25% from the October average to 3.6bcm/week.
- European LNG sendout to NW Europe fell back below levels from last year to 232mcm/d on Nov 19 according to Bloomberg from the highest since April of 304.5mcm/d on Nov 10.
- TTF DEC 23 up 1% at 45.52€/MWh
- TTF Q1 24 up 0.5% at 46.85€/MWh
- TTF SUM 24 up 0.1% at 45.54€/MWh
Source: Bloomberg
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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