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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
TTF front season prices have fallen significantly over the last couple of months with front month down nearly 50% in the last month. The warm weather into the start of November and efforts by EU members to reduce demand have helped bring prices down from the August peak.
- Despite the fall at the front of the curve the Sum 24 and Win24 contracts are unchanged in the same time period. EU are aiming to increase import regas capacity over the coming year or so to help cover for missing Russia gas but could be restricted by limited global supplies. Global competition for cargoes will remain tight until into 2025 and beyond when significant global liquefaction capacity increases from projects in US and Qatar.
- TTF NOV 22 up 0.8% at 100.61€/MWh
- TTF SUM 23 down -2.5% at 135.2€/MWh
- TTF WIN 23 down -2.5% at 132.95€/MWh
- TTF SUM 24 down -2.8% at 94.4€/MWh
- TTF WIN 24 down -3.2% at 93.48€/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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