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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
Front month TTF continue to push higher due to the supply disruption through Nord Stream. TTF AUG 22 up 11% at 196.04€/MWh
- The impact of lower Russian supply can be seen across the forward curve with Win22 up 11% and Sum23 up 7.8% today. Any shortfall in storage ahead of this winter could result in depleted stocks next spring and therefore increase pressure to restock again next summer.
- The forward curve shows prices more stable from Summer 25 when more global LNG liquefaction comes online and with an increase in EU regasification capacity. Increase in global liquefaction capacity is expected to be driven by US where approval has been given for approximately 187mtpa extra and by Qatar where 50mtpa extra is expected by 2027.
- European regasification capacity is estimated to rise by 40% and to over 360bcm/yr by 2026.
- The graph below shows the changing forward curve over the last 3 months:
Source: BloombergWhy 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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