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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 front month fell back on Monday given healthier supplies as LNG imports into NW Europe rebounded above the five-year average, while maintenance season in Norway is coming to an end.
- TTF AUG 23 down -3.2% at 32.4€/MWh
- TTF WIN 23 down -0.7% at 52.1€/MWh
- US LNG exports are currently more profitable to Asia in August and September, but North Asian demand remains subdued on little summer trading. Europe is more profitable for October delivery.
- JKM-TTF Aug 23 up 0.3$/mmbtu at 1.68$/mmbtu
- The US LNG netback to Europe is currently $7.30/MMBtu for August, up 0.2% from July 7, when it was $7.29/MMBtu.
- The US LNG netback to Asia is currently $8.28/MMBtu for August, down 0.9% from July 7, when it was $8.36/MMBtu.
- Natural gas supplies from Norway are also improving as the annual maintenance period comes to an end. Pipeline imports from Norway have recovered from lows of below 220mcm/d in June back to 258.2mcm/d today.
- The Oseberg field came back online on Sunday, one day earlier than previously scheduled.
- The 79.8mcm/d Nyhamna processing plant is still scheduled to return on 15 July after an unplanned outage delayed its return from annual maintenance.
- However, the maintenance at the Troll field has again been extended by three days until 13 July with 21.5mcm/d of unavailable capacity.
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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