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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.
NATURAL GAS
The TTF forward curve across 2023-25 has fallen back into the coal to gas switching range to support incremental gas demand according to Timera Energy.
- This Coal Switching Price range represents strong support for European hub prices, given the large volumes of gas fired generation that can be incentivised to ramp up by relatively small additional price declines.
- Coal and carbon prices determine the cost competitiveness and is an important driver of structurally higher forward European gas prices compared to historical levels. The coal and carbon prices remain higher than pre-crisis levels with the EU ETS testing 100 €/t in late Feb.
- Gas prices approaching Brent parity could incentivise oil to gas switching in refinery feedstock optimisation and upstream production segments.
Source: Timera Energy
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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