Free Trial
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
Near term European gas markets remain weak with low demand and lack of competition for LNG supplies from Asia enabling the steady restocking of gas storage in Europe despite the ongoing Norway field maintenance. European gas storage injections are maintaining near normal levels so far in May after the slow start to the refilling season in the first half of April.
- Net European storage injections averaged about 3,300GWh/d so far in May compared to the five year average of 3,340GWh/d.
- European gas storage is up to 61.76% on 7 May according to GIE data compared to the five year average for this time of year is 42.2% full
- Injection rates can afford to be below normal compared to historical injection rates and still reach EU storage targets before the start of the winter heating season. However full storage heading into next winter is unlikely to be enough to cover against tight supplies driven by a cold winter or increased global LNG demand driven by Asia.
- TTF JUN 23 down -2.6% at 35.9€/MWh
- TTF WIN 23 down -1% at 54.68€/MWh
- TTF SUM 24 down -1.1% at 52.85€/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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok