Free Trial
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.
NATGAS
Net European gas storage injection rates in the week to August 4 have fallen but storage is still set to reach the pre winter target well ahead of schedule. Despite the healthy gas stores the TTF market remains sensitive to upside risks from supply disruption and weather ahead of and through the upcoming winter season.
- Net injections were 27.4% below normal last week with average rates of 2,501GWh/d in the week to Aug 4 compared to the five year average for the period of 3,447GWh/d. Injections were 15.4% below average the previous week.
- European gas in store is up to 85.97% full on Aug 4 according to GIE compared to the five year average of 77.3%.
- Stores in Germany have today joined Portugal, Spain and Sweden over 90% full.
- Injection rates have averaged 23.4% below the previous five year average since the start of April and a continuation at this rate would bring European storage up to the EU target of 90% by August 18.
- Storage in Germany is at 223.3TWh (90.1% full), Italy at 176.2TWh (88.1%), Netherlands at 117.7TWh (81.7%), France at 103.2TWh (79.2%) and Austria at 87.85TWh (87.4%).
- TTF SEP 24 up 3.4% at 36.7€/MWh
- TTF WIN 24 up 2.1% at 39.85€/MWh
- TTF SUM 25 up 2% at 38.6€/MWh
Source: GIE, MNI
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok