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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
Norwegian pipeline supplies to Europe have risen to the highest since January at 351.7mcm/d today. An unplanned Asgard outage of 5.7mcm/d today due to process problems has reduced flows for today from an earlier estimation of 356mcm/d.
- Limited outages this week are supporting gas supplies to Europe as the region builds storage levels towards target levels ahead of the upcoming winter.
- TTF front month is pulling back today driven by weak wider market risk appetite and easing warm temperatures forecast despite supply risks from Middle East tensions. Fronth month had risen to the highest since early June of €37.15/MWh on Friday.
- Gassco shows capacity reductions rising to between 12.1mcm/d and 18.1mcm/d from Aug 11 to Aug 23 before a gradual ramp up in seasonal maintenance to a peak in early September.
- Seasonal maintenance is currently expected to reduce field and processing plant capacity by around 166mcm/d from Sep 2 to Sep 15.
- TTF SEP 24 down 4% at 35.17€/MWh
- TTF WIN 24 down 3.1% at 38.94€/MWh
- TTF SUM 25 down 2.3% at 37.95€/MWh
Source: Gassco field and processing plant unavailable capacity
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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