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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.
NATURAL GAS
TTF curve continues to drift lower today as warm weather and EU efforts to reduce demand reduces the risk of fuel shortages this winter. TTF Dec22 has lost all gains made late last week and is trading the lowest since June although cold weather could still provide upside risk over this heating season. The UK Met Office today updated their 3-month forecast suggesting the likelihood of a colder three month period (Nov-Jan) overall is slightly greater than normal.
- The TTF curve is relatively unchanged with ongoing concern for supplies beyond the current winter. Beyond this winter concerns remain that LNG infrastructure will struggle to increase EU regas and global liquefaction capacity in time to restock EU storage next summer and cover demand next winter.
- TTF DEC 22 down -9.1% at 126.69€/MWh
- TTF SUM 23 down -6.9% at 131€/MWh
- TTF WIN 23 down -6.1% at 129.75€/MWh
- TTF SUM 24 down -4.1% at 95.25€/MWh
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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