MNI China Daily Summary: Tuesday, Feb 4

MNI BRIEF: EC Head Confirms Nat'l Escape Clause Activation

MNI BRIEF: China To Work With Partners As U.S. Tariffs Hit

MNI China Press Digest March 4: PBOC, U.S., FDI

MNI: PBOC Net Drains CNY280.3 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Lower At 7.1739 Tues; -1.30% Y/Y

MNI: EUROZONE JAN UNEMPLOYMENT RATE 6.2%

MNI:AUSTRALIA Q4 CURR ACCT BALANCE -12547M

MNI: AUSTRALIA JAN RETAIL SALES +0.3% M/M

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NATGAS: TTF Market Weighs Tight Supplies and Possible Storage Subsidies

NATGAS
CEEMEAEnergy BulletsBulletPower BulletsCommodities

TTF front month is edging higher after a pull back late yesterday as the market weighs risks of tight summer supplies and possible subsidies in Germany for refilling gas storage. 

  • A resolution on who will finance gas into storage is expected in the next couple of weeks with “some incentives” expected, said Vitol CEO Russell Hardy cited by Bloomberg.
  • Temperatures in NW and central Europe are forecast to fall further below normal into the coming weekend before seeing a potential recovery back towards normal late next week.
  • Norwegian pipeline supplies to Europe are nominated back up to 328.6mcm/d today after dipping yesterday due to an unplanned outage at Oseberg.
  • European gas storage has risen above normal again taking stores down to 47.89% full on Feb. 10, according to GIE, compared to the previous five year average of 56.1%.
  • European LNG sendout rebounded to 460mcm/d on Feb. 10 after a dip lower over the weekend and compared to an average of 428mcm/d so far in February.
  • Algeria gas flows to Italy at Mazara are today at 59.1mcm/d, according to Bloomberg.
  • ICE TTF daily aggregate traded futures volume was 444k on Feb. 11.
    • TTF MAR 25 down 1.5% at 56.93€/MWh
    • TTF SUM 25 down 1.4% at 56.33€/MWh
    • TTF WIN 25 down 0.7% at 51.75€/MWh
203 words

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.

TTF front month is edging higher after a pull back late yesterday as the market weighs risks of tight summer supplies and possible subsidies in Germany for refilling gas storage. 

  • A resolution on who will finance gas into storage is expected in the next couple of weeks with “some incentives” expected, said Vitol CEO Russell Hardy cited by Bloomberg.
  • Temperatures in NW and central Europe are forecast to fall further below normal into the coming weekend before seeing a potential recovery back towards normal late next week.
  • Norwegian pipeline supplies to Europe are nominated back up to 328.6mcm/d today after dipping yesterday due to an unplanned outage at Oseberg.
  • European gas storage has risen above normal again taking stores down to 47.89% full on Feb. 10, according to GIE, compared to the previous five year average of 56.1%.
  • European LNG sendout rebounded to 460mcm/d on Feb. 10 after a dip lower over the weekend and compared to an average of 428mcm/d so far in February.
  • Algeria gas flows to Italy at Mazara are today at 59.1mcm/d, according to Bloomberg.
  • ICE TTF daily aggregate traded futures volume was 444k on Feb. 11.
    • TTF MAR 25 down 1.5% at 56.93€/MWh
    • TTF SUM 25 down 1.4% at 56.33€/MWh
    • TTF WIN 25 down 0.7% at 51.75€/MWh