MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: Brazil Annual Inflation Rises To 4.87% In November

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TTF Slipping as Strike Impact Fears Ease

NATURAL GAS

European gas prices are slipping further as fears around Australian gas strikes impact on the markets eases.

  • Chevron's two LNG production facilities in Australia - Gorgon and Wheatstone – that account for more than 5% of global LNG capacity are set to begin industrial action next week over pay and conditions disputes.
  • ICIS has updated its Gorgon and Wheatstone LNG forecast to capture 1 week of strike action. The initial ICIS analyst estimate is that during this time there is a 20% cut in output or 1.5 cargoes.
  • Norwegian nominated flows to the UK and Northwest Europe terminals at 181.80 mcm/d vs 5-day moving avg 188.58 mcm/d as maintenance at Troll and Kollsnes fields ramps up.
  • European gas storage was 93% full on Aug. 28 vs the 5-yr seasonal norm of 80% for this time of year according to GIE data.
  • LNG flows to Northwest Europe on Aug. 28 were 188.04 mcm/d, 22% higher than the 30-day average.
  • TTF SEP 23 down -4.7% at 33.55€/MWh
  • TTF WIN 23 down -2.3% at 48.5€/MWh
Energy BulletsCommodities
Energy BulletsCommodities

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.