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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.
NATGAS
The removal of Ukrainian natural gas transit and storage volumes would drive a manageable 13bcm EU gas balance deficit, comfortably above the 2017-21 average, according to ICIS.
- Ongoing uncertainty surrounds deliveries of Russian gas to Europe with the current Russia-Ukraine transit agreement due to expire at the end of the year.
- Russia attacks on Ukrainian energy infrastructure may dissuade traders from injecting gas into Ukrainian storage facilities this summer.
- Stable near term supplies and ongoing winter supply risks are maintaining strength in the prices for the upcoming winter relative to the front of the curve.
- The TTF Jun 24 – Q3 24 spread is today trading at the widest this year at -0.77/MWh while the Q3 24 – Q1 25 spread is out to -€6.25/MWh.
- TTF JUN 24 up 1.6% at 30.2€/MWh
- TTF Q3 24 up 1.7% at 30.99€/MWh
- TTF WIN 24 up 1.3% at 36.16€/MWh
- TTF SUM 25 up 1.5% at 34.8€/MWh
Source: ICIS
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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