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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
European TTF front month is edging higher with support from a forecast of a warm start to July. Storage remains on track to refill this summer and LNG import flows remain just above last year’s levels despite a drop this week. Total European LNG sendout is down to around 350mcm/d from over 400mcm/d in the middle of June.
- The Q1 2024 premium over Q3 2023 is drifting slightly lower to 18.5€/MWh after seeing a rally last week up to around 19.6€/MWh. Tight market risks for the heating season are supporting winter prices with high end of summer storage levels unlikely to be enough to cover risks from cold weather, Asian LNG competition and or increased industrial demand.
- TTF JUL 23 up 1.2% at 32.35€/MWh
- TTF WIN 23 down -1.8% at 48.4€/MWh
- TTF SUM 24 down -1.7% at 47.88€/MWh
- TTF WIN 24 down -2.4% at 49.43€/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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