MNI BRIEF: Japan Sept Tokyo Core CPI Rises 2.0% Vs. Aug 2.4%

MNI: BANXICO RATE CUT DECISION 4-1; HEATH VOTED TO HOLD

MNI: BANXICO CUTS RATES BY 25 BPS TO 10.50%

MNI CNB WATCH: More Easing, But Tight Policy Still Needed

MNI China Daily Summary: Thursday, September 26

MNI BRIEF: China GDP Growth Likely 4.8% In Q3 - BOC

Japan Tokyo Sep Core CPI +2.0% Y/Y

MNI JAPAN SEPT TOKYO CORE CPI +2.0% Y/Y; AUG +2.4%

MNI BRIEF: Canada Business Closure Rate Highest Since Pandemic

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

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

NATGAS: TTF Finds Support as Security Concerns Persist

NATGAS
Energy BulletsBulletPower BulletsCommodities

European gas prices rose on Monday as ongoing uncertainty over gas flows remains, colder weather is forecast for the end of the month and small delays are announced for Norwegian maintenance outages. Security risks also persist around Russian flows.

  • TTF OCT 24 up 4.8% at 36.1€/MWh
  • Further attacks continue at the Russia/Ukraine border close to key energy infrastructure, also supportive for prices. Transit for now remains steady.
  • Signs that a deal for Azerbaijan gas last week sent prices tumbling but a lack of confirmation has seen them recover.
  • Norwegian piped gas deliveries to Europe and Britain are nominated at 279 mcm/day on Monday, up from 245 mcm/day on Friday.
  • Some maintenance work at the Skarv and Sleipner fields has been extended according to Gassco.
  • The outlook for colder temperatures are supported until the end of the month.
  • European gas storage was last seen at 93.63% full according to GIE.
  • In the US, flows to the Cove Point LNG export terminal slumped over the weekend, coinciding with scheduled maintenance.
160 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.

European gas prices rose on Monday as ongoing uncertainty over gas flows remains, colder weather is forecast for the end of the month and small delays are announced for Norwegian maintenance outages. Security risks also persist around Russian flows.

  • TTF OCT 24 up 4.8% at 36.1€/MWh
  • Further attacks continue at the Russia/Ukraine border close to key energy infrastructure, also supportive for prices. Transit for now remains steady.
  • Signs that a deal for Azerbaijan gas last week sent prices tumbling but a lack of confirmation has seen them recover.
  • Norwegian piped gas deliveries to Europe and Britain are nominated at 279 mcm/day on Monday, up from 245 mcm/day on Friday.
  • Some maintenance work at the Skarv and Sleipner fields has been extended according to Gassco.
  • The outlook for colder temperatures are supported until the end of the month.
  • European gas storage was last seen at 93.63% full according to GIE.
  • In the US, flows to the Cove Point LNG export terminal slumped over the weekend, coinciding with scheduled maintenance.