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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.
NATURAL GAS
TTF front month has spiked during morning trading as forecasts expect plunging temperatures starting Jan. 6, which will likely boost gas heating demand.
Sub-zero temperatures are forecast across Europe from Paris to Berlin next week, according to Bloomberg, with the cold snap lingering until mid-January.
- TTF FEB 24 up 5.3% at 32.19€/MWh
- TTF Q1 24 down -6.5% at 33.47€/MWh
- TTF SUM 24 up 4.8% at 31.97€/MWh
- TTF WIN 24 up 3.4% at 36.66€/MWh
- European gas storage was 86% full on Jan. 1 vs the 5-yr seasonal norm of 74% for this time of year according to GIE figures.
- Temperatures in NW and central Europe are expected to fall below normal from around Jan 6 and remain cold into the middle of the month.
- LNG flows to Northwest Europe on Jan. 1 were 166.69 mcm/d, 32% lower than the 30-day average.
- Norwegian nominated flows to the UK and Northwest Europe terminals at 352.50 mcm/d vs the 5-day moving avg 352.76 mcm/d according to Gassco.
Source: Bloomberg
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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