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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.
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NATGAS: Top Austrian Utility Removes Dependence on Russian Gas
The top utility in Vienna Wien Energy said it won’t need Russian fuel as of 2025, after sourcing 10TWh of alternatives, Bloomberg said.
- This is about 12% of national consumption in Austria, Bloomberg said.
- The alternatives will come from North Africa, the North Sea, and other LNG suppliers.
- The announcement will help alleviate pressure on gas markets, with traders preparing for Russian gas flows via Ukraine to stop in January.
- Over half of Austria’s gas supply came from Russia in H1 2024.
- Wien Energy will continue to procure supplies via the Central European Gas Hub, bt will requirement certifications that the imports are not Russian.
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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.