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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.
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TTF Steady After Gains on Tighter LNG Supply and Cooler Weather
TTF front month is holding steady today after gaining ground back above €30/MWh this week amid tighter LNG supply risks due to Red Sea tanker diversions and with the forecast of cooler weather towards the middle of February.
- TTF MAR 24 up 0% at 30.25€/MWh
- TTF SUM 24 down -0.2% at 30.7€/MWh
- NW and central Europe are forecast to see mild weather continue through the first week of February before temperatures fall back to near normal from around Feb 12.
- Nominations for Norwegian pipeline supplies to Europe are today at 345.7mcm/d after falling to 333.8mcm/d yesterday amid unplanned works at Kollsnes due to process problems.
- European natural gas storage remains above normal at 70.6 full on Jan 30 according to GIE data compared to the seasonal five year average of 57.6%. Net withdrawals have edge higher this week but remain below normal rates.
- European LNG sendout was holding steady at 359mcm/d on Jan 30 compared to an average of about 381mcm/d during Jan.
- Gas transit flows through Ukraine are at 42.4mcm/d today and Algeria gas flow to Italy at Mazara is up again to 64.5mcm/d today.
- ICE TTF daily aggregate traded futures volume was yesterday at 319k.
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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.