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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 has recouped some earlier losses after US President Joe Biden announced paused pending approvals of new LNG export projects in the US. Front month TTF continues to trade lower on the day weighed on by muted demand expectations, healthy storage levels and sufficient supplies.
- TTF FEB 24 down -0.9% at 27.53€/MWh
- TTF SUM 24 down -0.7% at 28.6€/MWh
- TTF WIN 24 down -0.6% at 33.7€/MWh
- TTF SUM 25 down -0.4% at 30.93€/MWh
- As markets expected, US President Joe Biden paused pending approvals of new LNG exports projects on Friday until the DOE has reviewed the economic and environmental impacts of new projects seeking approval.
- The Henry Hub and TTF curves show a narrowing long-term spread as US domestic supply tightens with new LNG driving stronger US export demand but the increased global supply helps to ease the supply concerns in Europe (see chart).
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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