MNI BRIEF: Trudeau Says Canada Tax Holiday Won't Boost CPI

TRUDEAU: CAN'T GUARNATEE MEXICO WILL REMAIN IN USMCA

TRUDEAU SAYS TAX BREAK WON'T STIMULATE INFLATION

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI China Daily Summary: Thursday, November 21

MNI BRIEF: China To Enhance Support For Foreign Trade - MOFCOM

EZ/UK Bond Supply Calendar: UK Synd; EU-Bond Auction on Monday

US EIA:NAT GAS STORAGE -3 BCF TO 3,969 BCF NOV 15 WK

MNI: US NAR: OCT EXISTING HOME SALES 3.96M SAAR

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NATGAS: Gas Summary at European Close: TTF on the Rise

NATGAS
Energy BulletsBulletPower BulletsCommodities

TTF front-month is rising today after yesterday’s selloff with markets focusing on winter risks despite bearish near-term fundamentals.

  • TTF OCT 24 up 3.5% at 35.29€/MWh
  • Norwegian pipeline supplies to Europe are today nominated up to 203.9mcm/d, according to Bloomberg.
  • European natural gas storage has been slowly rising to 93.40% full on Sep 15, according to GIE, but with injection rates limited due to curtailed pipeline supplies to Europe from Norway and Algeria.
  • The quantity of LNG on tankers that have not unloaded for at least 20 days has fallen from a high of 4.64m tons on Sept. 14 but is still 0.8% higher on the week at 4.1m tons as of Sept. 15, according to Bloomberg estimates.
  • Global LNG demand rose 3% in the week to Sept. 15 to 8.05m metric tons with an increase in imports to NW Europe and Italy to the highest since late May, according to BNEF.
  • Malaysia’s 30-day moving average of LNG exports rose to its highest since late-July on Sep. 15, according to Bloomberg.
  • D.Trading, the commercial arm of Ukraine power producer DTEK, hopes to agree to receive its first LNG cargo from Venture Global expected to arrive in December, according to Montel.
  • Venture Global LNG has signed a five-year deal with Gastrade SA to regasify up to 1m metric tons of LNG at Greece’s Alexandroupolis LNG import terminal for five years beginning in 2025.
  • Bangladesh's Rupantarita Prakritik Gas Company Ltd (RPGCL) has issued a tender for two LNG cargoes for delivery in early October according to Reuters sources.
  • Azerbaijan’s gas exports declared at customs across Jan-Aug. fell 9% on the year to 15.827 bcm, Interfax said.
265 words

To read the full story

Close

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.

TTF front-month is rising today after yesterday’s selloff with markets focusing on winter risks despite bearish near-term fundamentals.

  • TTF OCT 24 up 3.5% at 35.29€/MWh
  • Norwegian pipeline supplies to Europe are today nominated up to 203.9mcm/d, according to Bloomberg.
  • European natural gas storage has been slowly rising to 93.40% full on Sep 15, according to GIE, but with injection rates limited due to curtailed pipeline supplies to Europe from Norway and Algeria.
  • The quantity of LNG on tankers that have not unloaded for at least 20 days has fallen from a high of 4.64m tons on Sept. 14 but is still 0.8% higher on the week at 4.1m tons as of Sept. 15, according to Bloomberg estimates.
  • Global LNG demand rose 3% in the week to Sept. 15 to 8.05m metric tons with an increase in imports to NW Europe and Italy to the highest since late May, according to BNEF.
  • Malaysia’s 30-day moving average of LNG exports rose to its highest since late-July on Sep. 15, according to Bloomberg.
  • D.Trading, the commercial arm of Ukraine power producer DTEK, hopes to agree to receive its first LNG cargo from Venture Global expected to arrive in December, according to Montel.
  • Venture Global LNG has signed a five-year deal with Gastrade SA to regasify up to 1m metric tons of LNG at Greece’s Alexandroupolis LNG import terminal for five years beginning in 2025.
  • Bangladesh's Rupantarita Prakritik Gas Company Ltd (RPGCL) has issued a tender for two LNG cargoes for delivery in early October according to Reuters sources.
  • Azerbaijan’s gas exports declared at customs across Jan-Aug. fell 9% on the year to 15.827 bcm, Interfax said.