MNI BRIEF: Case For ECB Cuts Strengthening, Accounts Show

MNI INTERVIEW2: Germany Faces Stagnation -Former Experts Chair

MNI BRIEF: Smaller Firms Split Over Wage Hikes - BOJ Report

MNI BRIEF: Monetary, Fiscal Policy Need Harmony - Campos Neto

CORRECTED-MNI: Changing Brazil Fiscal Target Not "Plan A"

MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

EZ/UK Bond Supply Calendar: EU Auction And BoE Short APF Mon

US EIA:NAT GAS STORAGE -37 BCF TO 2,259 BCF MAR 29 WK

Feb Trade Balance Surprises With "Significant Growth" At +CAD1.4B

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TTF gas falls to the lowest since Feb

NATURAL GAS

European TTF gas falls to the lowest since Feb after EU said companies can pay for Russian gas without breaching sanctions. Companies have been told to make a clear statement that they consider obligations fulfilled once they have completed payment in euros or dollars. The next payments are expected to take place very soon with standard OTC contracts normally settling on 20th of a month. TTF down 4.15% to 89€/MWH, NBP down 2.5% to 168p/th

  • Today Russian flows are just slightly lower than yesterday with transit via Ukraine at 49.3mcm/d versus 57.6mcm/d and Nord Stream nominated at 73.4GWh/h.
  • Record amounts of LNG imports are arriving into Europe with Milford Haven even withholding some capacity at auction over the summer to avoid over stretching the UK infrastructure.
  • Norwegian flows are higher at 323.6mcm/d up above 10mcm from the last week as supply has returned from maintenance/outages.
  • Despite dropping slightly at the weekend, warm temperatures are expected to continue for NW Europe into next week and European gas storage is now up to 40% full.
Energy BulletsCommoditiesCEEMEA
Energy BulletsCommoditiesCEEMEA

To read the full story

Close

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.